Metaplanet buys 5,075 BTC for $405M, jumps to 3rd in corporate Bitcoin
Japan-listed firm Metaplanet bought 5,075 BTC for about $405M, with an average purchase price near $79,822 per BTC. The deal lifts its corporate Bitcoin holdings to 40,177 BTC, placing it third globally among public-company treasuries, behind Strategy (Michael Saylor’s firm).
CEO Simon Gerovich’s “555 Million Plan” targets 100,000 BTC by end-2026 and 210,000 BTC by end-2027. With the latest BTC purchase, Metaplanet is roughly 40% of the 2026 goal.
Funding is reported to come from equity increases and debt instruments, alongside prior steps such as a $500M credit line and trading-income strategies like selling Bitcoin put options.
For traders, this reinforces the corporate Bitcoin trend beyond the US: steady treasury accumulation at the margin can support BTC demand expectations, even as the race remains led by Strategy.
Bullish
Metaplanet’s 5,075 BTC buy adds a tangible spot-like demand signal for BTC from a new large corporate treasury, lifting it to #3 globally. In the short term, this can support BTC sentiment because treasury managers often sustain follow-through buying once market visibility and financing are in place.
In the medium to long term, the stated 100,000 BTC (end-2026) and 210,000 BTC (2027) targets suggest continued corporate Bitcoin accumulation, which—if executed—adds structural demand over multiple quarters. The funding mix (equity + debt + options income) also implies Metaplanet is trying to reduce reliance on a single financing channel, lowering the chance of a sudden pause.
Risks remain: corporate buys are financing-dependent and can fluctuate with market conditions, and Strategy still dominates the leaderboard. However, the direction and scale of this latest corporate Bitcoin expansion are more likely to be net supportive for BTC than disruptive.