Metaplanet & Smarter Web Add $100M in Bitcoin Treasuries
Tokyo-listed Metaplanet and London-based The Smarter Web Company have acquired a combined 813 BTC, spending nearly $100 million to expand their Bitcoin treasuries. Metaplanet bought 518 BTC for $61.4 million at an average price of $118,519 per coin, raising its holdings to 18,113 BTC (≈$2.15 billion) and securing the sixth-largest corporate Bitcoin treasury. Smarter Web purchased 295 BTC for £26.3 million ($35.2 million) at $119,412 apiece, bringing its total to 2,395 BTC (≈$285 million) and ranking 23rd. Both purchases were funded via equity raises and Bitcoin-denominated bond offerings. These moves push total corporate Bitcoin holdings to over 791,662 BTC (about 4% of circulating supply), reflecting strong institutional demand. Analysts warn that concentrated large-scale Bitcoin treasury allocations may centralize risk and could prompt regulatory scrutiny. Traders should monitor institutional flows for potential short-term price support and long-term market impacts.
Bullish
This acquisition highlights strong institutional demand as two publicly listed firms injected nearly $100M into Bitcoin treasuries, reducing available supply and signaling corporate confidence in Bitcoin. Short-term, the large buy orders may support price floors. Long-term, growing corporate Bitcoin holdings could sustain demand and market stability, despite potential regulatory scrutiny. Traders are likely to interpret this as a bullish sign, given that concentrated institutional allocations often precede upward price movement.