Metaplanet Expands Bitcoin Reserves with 103 BTC Purchase, Nears 19K Total
Key Takeaways:
- Metaplanet's $11.8M BTC purchase was funded through stock and bond sales.
- Despite market volatility, long-term BTC growth projections remain high.
- Other Asia-based firms are entering the Bitcoin market, inspired by Metaplanet’s lead.
On August 25, Tokyo-listed Metaplanet strengthened its Bitcoin treasury strategy by purchasing 103 additional Bitcoins for ¥1.736 billion (about $11.8 million). This acquisition brings the firm's total BTC holdings to 18,991 BTC, acquired at an average price of ¥15.05 million per coin.
Latest Buy Secures Position as the 7th-Largest Public Bitcoin Holder
The move comes just a week after Metaplanet added 775 Bitcoins to its balance sheet.
With this latest purchase, Metaplanet now ranks as the seventh-largest public holder of Bitcoin, just behind established players like Riot Platforms Inc. and Peter Thiel’s Bullish, putting the Tokyo-based firm among the giants of corporate Bitcoin ownership.
The company describes its ongoing accumulation as part of its Bitcoin Treasury Operations. This program was launched last year to make Bitcoin the cornerstone of its reserve strategy.
Under the plan, Metaplanet raises funds in capital markets through the sale of stock and issuance of bonds. The proceeds are then funneled into Bitcoin, leaving little doubt about the firm’s priorities.
Balance sheet management has also played a role. Alongside the recent purchase, Metaplanet redeemed 3 billion yen (about $20.4 million) from its 19th Series Ordinary Bonds.
The redemption reduces liabilities while maintaining the overall strategy, utilizing financial tools to make Bitcoin the primary reserve asset.
Across markets, Metaplanet is drawing comparisons to Strategy in the United States, the largest corporate holder of Bitcoin.
Analysts and industry watchers often call it “Asia’s Strategy.” The approach is nearly identical: leverage corporate financing to build a massive Bitcoin war chest.
Meanwhile, Michael Saylor, the CEO and face of Strategy’s Bitcoin push, continues to drive the narrative.
He recently shared his company’s accumulation charts on X, interpreted by many as a signal that more buys are coming.
As of last week, the firm had added 430 Bitcoin, worth $51.4 million, raising its total to 629,376 BTC, which is nearly 3% of the entire circulating supply.
Amid Bitcoin Price Drop, Michael Saylor Predicts 30% Annual Growth for 20 Years
Metaplanet’s latest acquisition coincides with a period of market turbulence in the broader crypto market. Bitcoin retreated from its peak, dipping to $112,343.
Only days earlier, on August 14, it had raced to $124,247. That drop marks more than 9% off the peak. Despite this volatility, Saylor remains confident.
Speaking on CNBC, he predicted Bitcoin would rise by 30% every year for the next 20 years.
https:/twitter.com/pete_rizzo_/status/1959527756355494133
If his projection proves right, Bitcoin would become the world’s leading store of value, surpassing gold and even government bonds.
This perspective contrasts with the short-term decline. For Saylor, a pullback is just noise in a much larger trend. He argues that the next two decades will redefine money itself, with Bitcoin at the centre.