Metaplanet Buys 463 BTC, Issues ¥555B Perpetual Shares
Metaplanet has acquired an additional 463 BTC for $53.7 million, lifting its total Bitcoin holdings to 17,595 BTC at an average cost of $101,422 per coin. The Japanese-listed firm has filed to issue ¥555 billion (≈$3.7 billion) in perpetual preferred shares over two years to fund its aggressive Bitcoin accumulation strategy en route to a 100,000 BTC treasury by 2027. CEO Simon Gerovich says the perpetual shares will boost long-term shareholder returns and increase Bitcoin per share. In Q2, Bitcoin-related revenue jumped 42.4% year-on-year to ¥1.1 billion ($7.6 million), positioning Metaplanet as the seventh-largest corporate Bitcoin holder globally. Traders should watch for potential BTC liquidity impacts and market reactions to this substantial capital raise.
Bullish
Metaplanet’s ongoing Bitcoin purchases and the planned ¥555 billion perpetual share issuance indicate robust institutional demand and commitment to long-term accumulation. Such large-scale capital raising underpins Bitcoin’s demand curve, likely buoying prices in the short term as traders factor in additional buying pressure. Over the long term, the firm’s 100,000 BTC target and growing Bitcoin-related revenues signal sustainable institutional adoption, reinforcing positive market sentiment and supporting higher BTC valuations.