TLDR
- Metaplanet acquired 5,268 BTC for $623 million, raising total holdings to 30,823 BTC.
- The company’s Bitcoin holdings now make it the world’s fourth-largest public holder.
- Metaplanet reports 115.7% revenue growth for Q3, signaling strong financial performance.
- Metaplanet plans to raise $1.4 billion through new shares for further Bitcoin acquisitions.
Metaplanet, a Japanese Bitcoin treasury firm, has made a major move in the crypto space, acquiring 5,268 BTC for approximately $623 million. This acquisition propels the company to the position of the fourth-largest publicly traded Bitcoin holder, trailing only Strategy, MARA Holdings, and XXI. With its total Bitcoin holdings now surpassing 30,800 BTC, Metaplanet continues to expand its presence in the digital asset market.
Metaplanet’s Latest Bitcoin Acquisition
Metaplanet’s most recent purchase was made at a price of 17.4 million yen per coin (about $118,328). The company acquired 5,268 BTC, bringing its total Bitcoin holdings to 30,823 BTC. This acquisition, valued at 91.6 billion Japanese yen ($623 million), strengthens Metaplanet’s position as a key player in the cryptocurrency treasury market.
CEO Simon Gerovich confirmed that this purchase makes Metaplanet the fourth-largest publicly traded Bitcoin treasury holder globally. Gerovich acknowledged that this move places the company behind only Strategy, MARA Holdings, and XXI in terms of total Bitcoin reserves. This strategic acquisition follows a previous $632 million BTC purchase in September, which further emphasizes Metaplanet’s aggressive expansion of its Bitcoin holdings.
Financial Growth and Strategic Plans
Metaplanet also reported strong financial results for the third quarter of 2025. The company posted a quarterly revenue of 2.438 billion yen ($16.5 million), a 115.7% increase compared to the second quarter. This significant growth reflects Metaplanet’s operational scalability and ongoing efforts to enhance its financial position.
CEO Gerovich stated that the third-quarter results help fortify the company’s foundation as it prepares for a planned issuance of preferred shares. These shares will be used to support Metaplanet’s broader Bitcoin Treasury strategy, providing further capital for continued Bitcoin acquisitions. The company’s strategic expansion aligns with its broader vision of securing digital assets as a core component of its business model.
Upcoming Capital Raise and New Subsidiary
In addition to the latest Bitcoin purchase, Metaplanet is raising $1.4 billion through a new share issuance. The company plans to issue 385 million new shares, with the proceeds allocated specifically for Bitcoin purchases. This move is part of Metaplanet’s long-term strategy to grow its Bitcoin reserves and solidify its position as a leading player in the Bitcoin treasury market.
Furthermore, Metaplanet has approved the formation of a U.S. subsidiary, Metaplanet Income Corp., aimed at expanding the company’s Bitcoin income generation activities. This subsidiary will focus on leveraging derivatives and other related financial products to generate income from the company’s Bitcoin holdings.
Stock Market Reaction
Despite the company’s strong financial performance, Metaplanet’s stock experienced a decline in Japan following the announcement. The stock dropped 10.26% around 4:30 p.m. on Monday, according to Yahoo Finance data. Over the past month, the company’s stock has fallen by 38%, though it remains up 48.3% year-to-date. In contrast, Metaplanet’s U.S.-traded shares (MTPLF) saw an 8.86% increase, closing at $3.96 on Tuesday, according to The Block.
While the stock market reaction reflects some investor uncertainty, Metaplanet’s focus on expanding its Bitcoin holdings and enhancing its financial foundation suggests that the company is positioning itself for future growth in the crypto sector. As the firm continues to acquire Bitcoin and explore new revenue streams, it is likely to remain a prominent figure in the cryptocurrency market.
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