Metaplanet Adds 463 Bitcoin, Holdings Rise to 17,595 BTC
Metaplanet purchased 463 BTC at an average price of $115,895 during a roughly 5% August price dip, spending ¥8 billion ($53.7 million). This lifts its total Bitcoin holdings to 17,595 BTC—valued at over $2 billion—and ranks it as the seventh-largest corporate holder. To fund further Bitcoin accumulation toward its 210,000 BTC target by end-2027, Metaplanet will issue up to $3.73 billion in perpetual preferred shares with up to a 6% annual dividend, mirroring MicroStrategy’s equity-preserving approach. Corporate Bitcoin adoption continues to expand: 162 publicly listed firms now hold BTC, and institutional buyers added $7.8 billion in late July despite $812.3 million in spot US Bitcoin ETF outflows on August 1. This sustained Bitcoin accumulation amid market dips underscores growing confidence in Bitcoin as a long-term treasury asset.
Bullish
Metaplanet’s purchase of 463 BTC during a market dip and its planned $3.73 billion perpetual preferred share issuance highlight strong corporate confidence in Bitcoin accumulation. In the short term, this sustained buying pressure may support price floors during volatility. Long term, targeting 210,000 BTC and following MicroStrategy’s equity-preserving model underscores Bitcoin’s growing role as a treasury asset, likely attracting more institutional interest and driving further demand—and upward price momentum.