Metaplanet Doubles Down: Adds 1,112 BTC to Its Growing Bitcoin Stash

We know Michael Saylor’s frenzy, who transformed Strategy into a bitcoin cathedral. But he is no longer alone on the front line. In the shadow of the American giant, more discreet companies are deploying strategies just as ambitious. In Japan, Metaplanet is lining up acquisitions. A real rush towards bitcoin is taking hold among institutional investors.

Metaplanet: 1,112 New Bitcoins for a Straightforward Strategy

Last Monday, Metaplanet, which now aims for 100,000 bitcoins by 2026, announced the purchase of 1,112 BTC at an average price of 15.2 million yen, about 105,000 dollars. The bill amounts to $117 million, financed by a $210 million issuance of interest-free bonds. The treasury now reaches 10,000 BTC.

Behind this figure lies a clear strategy. Metaplanet no longer hides its ambitions: to reach 100,000 BTC by 2026 and 210,000 BTC by the end of 2027. A former struggling hotel operator, the company changed course in 2024 to fully embrace the crypto universe.

We hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin.

Simon Gerovich

A radical transformation, carried out at full speed, which now makes Metaplanet a serious contender in the race to hold bitcoins.

A Hot Stock and Doubts Under the Surface

The impact was immediate. The Tokyo stock exchange saw the Metaplanet stock jump 22% in a single day, reaching its highest level in twelve years. The market capitalization exceeded one trillion yen.

The stock is currently melting everyone’s faces off in Japan.

Adam Livingston.

But this fever also raises concerns. Analysts mention a $596,000 premium on the stock, more than five times the actual price of the bitcoin held. A bubble in the making?

The company continues to issue financial securities to fuel its strategy. This allows it to preserve its treasury while strengthening its reserves. A bet on the continuous rise of bitcoin, with no parachute if a fall begins.

Some key figures:

• 10,000 bitcoins held by Metaplanet;
• Average BTC purchase price: $96,000;
• BTC return in 2025 to date: 266.1%;
• +417% stock market performance this year;
• 20% of the capital subject to short positions.

On one hand, this rush is dizzying. A handful of companies accumulate an asset meant to be decentralized. On the other, these massive purchases are reassuring: bitcoin is becoming a financial backbone. And Michael Saylor does not intend to stop there. He is already preparing a new massive bitcoin purchase. The story is just beginning.