Metaplanet Buys $630M Bitcoin, Boosts Holdings to 30,823 BTC
Japanese crypto firm Metaplanet has purchased over 5,400 BTC for approximately $630 million, raising its total Bitcoin holdings to 30,823 BTC and making it the fourth-largest corporate holder after MicroStrategy, Marathon Digital and 21Shares. The company acquired these coins at an average price near $117,000 and has increased its year-end target from 10,000 to 30,000 BTC.
To fund further Bitcoin acquisitions, Metaplanet raised $837 million through an international share offering and plans to issue 385 million new shares to secure an additional $1.4 billion. It also launched Metaplanet Income Corp., a Miami-based subsidiary with $15 million in capital, focusing on Bitcoin income generation and derivatives trading.
The firm reported Q3 revenue of ¥243.8 billion ($16.5 million), up 115.7% quarter-on-quarter, and raised its FY2025 revenue guidance to ¥6.8 billion. Despite a recent pullback in Bitcoin price to around $112,000 and over $1 billion in long-position liquidations, Tokyo-listed Metaplanet shares fell 10.3%, but its OTC-traded MTPLF rose 8.9%, reflecting strong investor interest in corporate Bitcoin strategies.
Bullish
Metaplanet’s large-scale Bitcoin acquisitions underscore strong institutional demand, which typically exerts upward pressure on Bitcoin prices. In the short term, the $630 million buy increases market demand and could tighten availability of BTC, potentially lifting spot prices. Over the long term, sustained share issuances to fund further BTC purchases, coupled with a dedicated U.S. subsidiary for Bitcoin income and derivatives trading, bolster market confidence and may attract additional institutional investors, reinforcing a bullish outlook.