Metaplanet Buys 463 Bitcoin to Start August

The company is aggressively pursuing a goal to accumulate 1% of Bitcoin’s total supply by 2027 and is funding its strategy through a $3.73 billion preferred share issuance, following a model that was made popular by Michael Saylor’s Strategy. Meanwhile, Ethereum is also seeing serious corporate accumulation. SharpLink added 30,755 ETH over the weekend, pushing its total to 480,031 ETH. The Ether Machine also bought 15,000 ETH, surpassing the Ethereum Foundation’s holdings. Metaplanet Snaps Up More BTC Japanese investment firm Metaplanet bought 463 Bitcoin for approximately 8 billion yen ($53.7 million), and became the first public company to take advantage of Bitcoin’s 5% weekend dip . The acquisition was announced on Monday, and brings Metaplanet’s total holdings to 17,595 BTC, which is now valued at over $2 billion. This makes Metaplanet the world’s seventh-largest corporate Bitcoin holder. The company paid an average price of around $115,895 per Bitcoin for this latest buy . The move took place on the heels of a big wave of institutional interest in late July, when 16 firms reportedly added more than $7.8 billion worth of crypto to their treasuries. However, the start of August has been less favorable for institutional inflows, with US spot Bitcoin ETFs seeing $812.3 million in outflows. This was one of the largest single-day pullbacks in history. Against this backdrop, Metaplanet’s aggressive stance means that it still has confidence in Bitcoin’s long-term value proposition, despite the tightening macroeconomic conditions. Metaplanet has laid out an ambitious target to accumulate 210,000 BTC —1% of Bitcoin’s total supply—by the end of 2027. The latest purchase puts the firm at 8.4% of its goal. In an echo of Michael Saylor’s playbook at Strategy, Metaplanet is funding its Bitcoin purchases through the issuance of perpetual preferred shares. On Friday, it announced plans to issue $3.73 billion worth of such shares. THis method was popularized by Saylor’s firm to raise capital without incurring debt or diluting existing shareholders. Saylor famously described Strategy’s preferred stock issuance under ticker STRC as the company’s “iPhone moment” after it raised $2.5 billion. Similarly, Metaplanet’s offering will pay up to a 6% annual dividend, depending on market conditions and investor appetite. The preferred equity model has become a powerful tool for corporate Bitcoin buyers, as it allows for long-term capital allocation to BTC without the financial strain of traditional debt. The corporate Bitcoin race is certainly intensifying. While Metaplanet still trails heavyweights like Strategy, Mara Holdings, XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media, it is a very strong contender. The number of public companies holding Bitcoin surged to 162 in early August, up from 112 just a few months earlier, according to BitcoinTreasuries.NET . Companies holding Bitcoin (Source: BitcoinTreasuries.NET ) With more firms now entering the space and adopting innovative financial structures to back their Bitcoin strategies, corporate accumulation shows no signs of slowing down. Ether Machine and SharpLink Stack ETH Corporate buying momentum is also growing for Ethereum. SharpLink recently intensified its Ethereum accumulation strategy by adding 15,822 ETH worth approximately $53.9 million, according to on-chain data . The purchases were spread across multiple transactions, with the largest single transfer totaling 6,914 ETH, valued at $23.56 million. This aggressive buying spree brings SharpLink’s total ETH holdings to 480,031 ETH, which is currently worth around $1.65 billion. Over the weekend alone, SharpLink spent $108.57 million in USDC to buy 30,755 ETH at an average price of $3,530. On Thursday, the company also executed a purchase of 11,259 ETH for $43.09 million, averaging $3,828 per ETH. This sustained buying activity proves just how much conviction the company has in Ethereum’s long-term value. Meanwhile, The Ether Machine continued its own accumulation by purchasing 15,000 ETH for $56.9 million at an average price of $3,809. The timing of the acquisition coincided with Ethereum’s 10th anniversary. With this latest move, The Ether Machine’s holdings increased to 334,757 ETH, placing it ahead of the Ethereum Foundation, which holds 234,000 ETH. The company now ranks as the third-largest corporate holder of Ether, trailing only SharpLink and BitMine. The Ether Machine was formed through a merger with Nasdaq-listed Dynamix Corp. earlier this year, and is targeting a $1.6 billion capital raise. It also plans to go public under the ticker ETHM later in 2025. The surge in corporate Ethereum accumulation is part of the shift in how companies are thinking about their digital asset strategies. According to NoOnes CEO Ray Youssef , corporations are increasingly seeing Ethereum not just as a passive investment but as critical infrastructure for the digital economy. Youssef pointed out Ethereum’s unique appeal as a hybrid between technology equity and digital currency, offering staking yields, programmability, and a growing alignment with regulatory frameworks. With Ethereum now hosting a majority of tokenized assets and stablecoins, its role as the reserve currency for tokenized finance is very quickly solidifying. Overall, Ethereum is stepping up as a go-to asset for strategic digital capital deployment.

Source: Coinpaper