Metaplanet Boosts Bitcoin Holdings with $632M Acquisition, Climbing to Top 5 Public Treasuries

Institutional adoption of Bitcoin remains robust. This is further demonstrated by Metaplanet, a Tokyo Exchange-listed investment firm, which recently made a major move by purchasing a large tranche of Bitcoin, further strengthening its position among the biggest public holders of the asset.

Metaplanet Adds 5,419 BTC

On Monday, Metaplanet revealed that it had acquired 5,419 BTC at a cost of about $632.53 million. The average purchase price was $116,724 per coin. With this addition, the company has significantly boosted its overall holdings and climbed higher in the global rankings of public companies with Bitcoin treasuries.

Following the transaction, Metaplanet now owns 25,555 BTC. The total investment amounts to roughly $2.71 billion, with the firm reporting an average cost of $106,065 per coin.

Performance and Long-Term Targets

The company also released detailed performance figures tied to its Bitcoin strategy, showing how its holdings have evolved over time:

• Between July and September 2024, it reported a yield of 41.7%.
• In the final quarter of 2024, the yield rose to 309.8%.
• The first quarter of 2025 brought a yield of 95.6%.
• The second quarter of 2025 reached 129.4%.
• From July 1 to September 22, 2025, the yield was 10.3%.
• Overall, Metaplanet states that its yield for 2025 year-to-date is 395.1%.

This acquisition also advances Metaplanet toward its stated targets. The company is now 85.2% of the way to its 2025 goal of holding 30,000 BTC. Looking further ahead, it has set a target of 100,000 BTC by 2026. Financing for the most recent purchase came largely from a $1.45 billion international share offering, reflecting its strategy of using new capital to build its Bitcoin position.

Metaplanet Climbs to Top 5 Bitcoin Holders

With this expansion, Metaplanet has overtaken Peter Thiel-backed Bullish, which currently holds 24,300 BTC. The move places the company in the top tier of public Bitcoin holders, now ranking fifth overall:

• Strategy remains the largest holder with 638,985 BTC.
• MARA Holdings follows with 52,477 BTC.
• XXI holds 43,514 BTC.
• Bitcoin Standard Treasury Company owns 30,021 BTC.
• Metaplanet, with 25,555 BTC, now stands just behind these names.

Dylan LeClair, Metaplanet’s Director of Bitcoin Strategy, noted that since the launch of the company’s Bitcoin programme, it has acquired 10.6% of the daily mined supply. He also stated that the recent purchase is only the first tranche, indicating that further acquisitions are planned as part of the broader strategy.

Bitcoin Adoption Rises as Calls for Decentralization Grow

The move reflects a growing trend of companies adding Bitcoin to their corporate treasuries. Market experts predict the asset could reach $1 million as corporate adoption continues to rise.

Industry voices, however, continue to stress the importance of protecting Bitcoin’s foundations. Lionel Iruk, senior advisor at Nav Markets and managing partner at Empire Legal, has highlighted that adoption must preserve the asset’s decentralised structure. 

He cautioned that excessive concentration among institutions could undermine the very qualities that give Bitcoin credibility and international appeal. At the time of writing, BTC was trading at $112,866, after dropping more than 2% in the past 24 hours.