Metaplanet has acquired an additional 5,419 Bitcoin, bringing its total to over 25,500 BTC and reinforcing its status as the largest corporate holder in Asia.
Summary
- Metaplanet purchases 5,419 BTC for $627 million at an average price of $115.9K.
- Total reserves now stand at 25,555 BTC, valued at $2.67 billion.
- The company aims for 30,000 BTC by 2025 and 210,000 BTC by 2027.
Metaplanet has revealed its latest acquisition of 5,419 BTC, raising its total reserves to 25,555 BTC.
As per a disclosure on Sept. 22 document, the Tokyo-listed company purchased the Bitcoin at an average price of 17.28 million yen (approximately $115,900) each, totaling 93.65 billion yen (around $627 million).
This acquisition has increased Metaplanet’s cumulative holdings to 398.21 billion yen ($2.67 billion) with an average purchase price of 15.58 million yen ($104,400) per BTC.
Metaplanet’s growth through Bitcoin accumulation
Since initiating its Bitcoin treasury program, Metaplanet has experienced significant growth, funding its acquisitions through equity offerings and bond redemptions. The company’s holdings surged from 13,350 BTC at the end of June to over 25,500 BTC by the end of September, highlighting its aggressive acquisition strategy.
To track its performance, Metaplanet introduced “BTC Yield,” which quantifies the increase in Bitcoin per fully diluted share over time. The BTC Yield from July 1 to Sept. 22 reached 10.3%, reflecting ongoing growth, even amid share issuance dilution.
Metaplanet’s growth has also been supported by its activities in capital markets. In mid-September, the firm finalized an international share offering that raised over $1 billion, primarily for Bitcoin acquisitions. Nearly half of these funds have already been allocated.
Market position and ambitions
With this latest purchase, Metaplanet solidifies its position as Asia’s leading public Bitcoin holder, overtaking Coinbase and Tesla in corporate reserves. The company has set ambitious goals: aiming for 30,000 Bitcoin by the end of 2025, 100,000 Bitcoin by 2026, and 210,000 Bitcoin, representing about 1% of Bitcoin’s fixed supply, by 2027.
Despite fluctuations in stock price, Metaplanet was upgraded to mid-cap status by FTSE Russell in September. Its role as a Bitcoin proxy stock has been reinforced by passive foreign fund inflows due to its inclusion in the All-World and FTSE Japan indexes.
With this recent acquisition, Metaplanet is positioning itself as a long-term Bitcoin accumulator at the heart of Asia’s digital asset markets, following the strategies of its U.S. counterparts.
