Metaplanet buys 1,088 more BTC, becoming eighth-largest corporate holder

Japanese investment firm Metaplanet Inc. has announced the acquisition of 1,088 additional BTC, a move that has elevated its total Bitcoin holdings to over 8,888 BTC, according to both the company’s public disclosure and a post on its official X account. Metaplanet Inc. @Metaplanet_JP · Follow *Metaplanet Acquires Additional 1,088 $BTC , Total Holdings Reach 8,888 BTC* 6:04 AM · Jun 2, 2025 237 Reply Copy link Read 16 replies The acquisition, valued at approximately ¥16.885 billion or $117.9 million, was executed at an average price of ¥15,519,019 per Bitcoin, which is equivalent to around $108,400 per coin. Metaplanet is now the eighth-largest BTC holder Following this substantial purchase, Metaplanet has overtaken both Block Inc. and Galaxy Digital in total corporate Bitcoin holdings, climbing to the eighth position globally, based on the latest data compiled by Bitbo. This strategic move underscores the firm’s growing ambition to spearhead Bitcoin adoption in Asia, particularly at a time when macroeconomic uncertainty continues to rattle traditional markets, including government bonds. The market context surrounding Metaplanet’s investment reveals a broader trend, as large institutions increasingly view Bitcoin not only as a hedge but also as a potential source of strong returns amid global fiscal instability. Metaplanet’s confidence in Bitcoin’s long-term value was further illustrated in its official filing, which noted that the firm’s average acquisition cost now stands at ¥13,756,658 per BTC, reflecting a disciplined yet bullish accumulation strategy. The company has already achieved significant unrealised gains, reporting a quarter-to-date Bitcoin yield of 66.3% and a total Bitcoin gain of 2,684 BTC as of June 2. In Japanese yen terms, Metaplanet’s total Bitcoin gains currently amount to over ¥40.5 billion, signalling strong performance driven by both strategic timing and sustained price momentum. Notably, Bitcoin (BTC) recently reached an all-time high above $112,000 before retracing to around $105,464, a movement analysts describe as a healthy correction. This correction is being seen as an opportunity to reset leveraged positions while laying a more stable foundation for the next potential breakout in Q3. Now with Bitcoin consolidating above $100,000 and analysts forecasting further upward movement, the timing of Metaplanet’s purchase appears well-aligned with prevailing market sentiment. This growing demand reflects institutional faith in the company’s strategy and perhaps an expectation that Bitcoin’s value could continue to rise amid worsening sovereign debt concerns. With more than 759 million fully diluted shares outstanding, Metaplanet now holds roughly 0.0117 BTC for every 1,000 shares, giving shareholders a clear line of exposure to the asset’s performance. Despite concerns about a potential bubble forming around Bitcoin proxy stocks, Metaplanet’s moves continue to attract strong investor interest, evidenced by the firm’s significant Bitcoin premium, which has recently exceeded $596,000. Such premiums suggest that investors are willing to pay far more than Bitcoin’s spot price to gain indirect exposure through Metaplanet’s publicly traded shares. Metaplanet’s aggressive strategy is not just confined to digital assets, as the company also recently approved the issuance of new stock acquisition rights through a third-party allotment to EVO FUND. This capital markets manoeuvre, involving up to $21 million of Ordinary Bonds issued across five tranches, is intended to bolster liquidity and fund further expansion of its Bitcoin Treasury operations. There is no doubt that Metaplanet’s bold accumulation strategy places it firmly at the centre of institutional Bitcoin adoption across Asia and beyond as the crypto landscape evolves. The post Metaplanet buys 1,088 more BTC, becoming eighth-largest corporate holder appeared first on Invezz

Source: Invezz