Japanese Giant Metaplanet Bought $632M in Bitcoin
Metaplanet has tightened its grip on bitcoin, executing a record-breaking purchase that further cements its position among the largest corporate holders of the asset.
The Tokyo-based firm confirmed on Monday that it spent $632.5 million to secure 5,419 BTC, paying an average of just under $117,000 per coin.
With this latest move, Metaplanet’s treasury has swelled to 25,555 BTC in total. The company’s overall position was built at an average cost of $106,065 per bitcoin, giving it one of the deepest exposures to the cryptocurrency among publicly traded firms.
Data places Metaplanet now as the world’s fifth-largest corporate holder, slotting in just ahead of Bullish and trailing only heavyweights such as Strategy, Mara, XXI, and Bitcoin Standard Treasury Company. Strategy, led by Michael Saylor, remains the clear leader with nearly 639,000 BTC on its books.
The firm’s latest buy is part of a broader expansion strategy. Earlier in September, Metaplanet revealed plans to raise $1.4 billion through the issuance of 385 million new shares, with proceeds explicitly earmarked for bitcoin accumulation.
Alongside that, its board recently approved the launch of a U.S. subsidiary called Metaplanet Income Corp., designed to grow a business line around bitcoin derivatives and income strategies.
Markets, however, have reacted cautiously. In Japan, the company’s stock slipped 0.5% during Monday’s session, adding to a 27.5% slide over the past month. Despite the decline, shares remain nearly 74% higher on the year. In contrast, U.S.-traded shares closed last week at $4.09, up 3.81% on Friday alone.
For Metaplanet, the near-term volatility of its equity seems less important than the long-term bet on bitcoin. With more than $2.7 billion already allocated and additional purchases planned, the firm is signaling unwavering confidence that bitcoin’s role in corporate treasuries will only grow stronger in the years ahead.
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
