Metaplanet Raises Bitcoin Holdings to 18,991 BTC
Metaplanet has raised its Bitcoin holdings to 18,991 BTC after purchasing 103 BTC for $11.7 M on August 25. The Tokyo-based firm now holds about $1.95 B in BTC at an average cost of $102,712 per coin. Metaplanet is Japan’s largest public Bitcoin holder and ranks seventh globally, surpassing companies like Coinbase and Tesla. Its Bitcoin inventory delivered a year-to-date return of 479.5% and a quarterly gain of 29.1%. This week, FTSE Russell upgraded Metaplanet to a mid-cap and added it to the FTSE Japan Index, boosting its visibility among institutional investors. The company targets 210,000 BTC by end-2027 and plans to raise $3.8 B through equity issuance for further Bitcoin acquisitions.
Bullish
Metaplanet’s recent acquisition of 103 BTC and its milestone FTSE Japan Index inclusion signal strong institutional demand for Bitcoin. By targeting 210,000 BTC by 2027 and demonstrating high year-to-date yields, Metaplanet further reduces available supply and may encourage similar institutional strategies. This increased demand and reduced supply typically support upward price pressure in the short term. Over the long term, Metaplanet’s aggressive accumulation plan and improved visibility among investors could bolster Bitcoin’s market stability and attract broader institutional adoption, reinforcing a positive outlook.