Metaplanet has established itself as one of the leading corporate holders of Bitcoin globally, having exceeded the 30,000 BTC milestone following a series of bold acquisitions.
On October 1, the Tokyo-based company announced the addition of 5,268 BTC to its balance sheet at an average price of $116,870, totaling around $616 million. This acquisition occurred less than two weeks after its late-September purchase of 5,419 BTC, which marked its largest single transaction to date.
These consecutive transactions elevated Metaplanet’s total holdings to 30,823 BTC, with an average purchase price of $107,912.
This latest figure signifies a considerable growth from the company’s initial goal, which started at 10,000 BTC and subsequently expanded to 30,000.
With this milestone surpassed, Metaplanet has risen above Bitcoin Standard Treasury in the rankings and holds the fourth-largest corporate stash of Bitcoin in the world.
Doubling Revenue Projections
Metaplanet’s assertive treasury strategy is complemented by impressive revenue growth.
The firm disclosed that its Bitcoin Income Generation segment generated ¥2.44 billion (~$16.5 million) in Q3 revenue, marking a remarkable 115.7% increase compared to the previous quarter.
With this progress, the management has revised its full-year revenue forecast upward, increasing it from ¥3.4 billion (~$23 million) to ¥6.8 billion (~$46 million). Operating profit estimates have also been raised from ¥2.5 billion (~$17 million) to ¥4.7 billion (~$32 million), an increase of 88% from previous projections.
Metaplanet President Simon Gerovich commented:
“Q3 results reflect operational scalability and solidify the financial basis for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy.”
Increasing Institutional Interest
Simultaneously, the company’s vigorous acquisition strategy and robust financial performance have garnered attention from global asset managers.
Recently, Gerovich announced that Capital Group, a US investment firm managing $2.6 trillion in assets, has become Metaplanet’s largest shareholder, surpassing National Financial Services.
Gerovich stated that Capital Group now owns 11.45% of Metaplanet shares, valued at about $500 million.
Additionally, other prominent investors in Metaplanet include major US financial institutions such as Vanguard, JPMorgan, Citigroup, State Street, among others.
These investments highlight Metaplanet’s positioning as a key player in the corporate adoption wave of Bitcoin, attracting substantial interest from institutional investors.
