Home > Economy > Metaplanet Buys $632 Million in Bitcoin, Becomes 5th-Largest Corporate Holder
Metaplanet Buys $632 Million in Bitcoin, Becomes 5th-Largest Corporate Holder
Mohammedia – Metaplanet has made headlines with its latest purchase of 5,419 Bitcoin, worth approximately $632.53 million. The deal marks the company’s largest single Bitcoin acquisition to date. The buy was executed at an average price of $116,724 per coin, according to company filings and market data.
The Tokyo-based investment firm, which has steadily expanded its Bitcoin reserves over the past year, now holds a total of 25,555 BTC. At current market prices, its holdings are valued at approximately $2.7 billion, making it one of the largest corporate players in the cryptocurrency market.
Details of the record-breaking purchase
The recent acquisition was carried out using funds raised through the issuance of new shares earlier this year. Reports show Metaplanet set aside more than $1.4 billion from capital markets to finance large-scale Bitcoin buys, signaling a deliberate long-term strategy.
By deploying nearly half of that capital in this latest transaction, the company is making clear its commitment to building one of the largest corporate Bitcoin treasuries worldwide.
With the addition of 5,419 BTC, Metaplanet’s cost basis across all its holdings now stands at roughly $106,065 per coin.
While the latest tranche was purchased at a higher average price, the company’s overall position remains well below the current market rate, giving it a significant unrealized gain on paper.
The $2.7 billion valuation of its Bitcoin stockpile strengthens its balance sheet and cements its role as a key institutional holder of digital assets.
The scale of this transaction places it among the largest single Bitcoin acquisitions ever executed by a publicly listed firm. It represents a notable milestone not only for Metaplanet but also for the wider adoption of cryptocurrency within traditional corporate finance.
Rising among global Bitcoin holders
This purchase elevates Metaplanet to the 5th spot on the list of public companies with the largest Bitcoin reserves.
It now ranks just behind giants such as MicroStrategy, which remains the leader with more than 200,000 BTC. Other top holders include firms like Marathon Digital and Tesla, though some have reduced or diversified their positions in recent years.
By surpassing Bullish, a digital asset exchange that previously held the 5th position, Metaplanet has demonstrated how quickly a company can climb the rankings with a decisive capital deployment.
Its growth sits within the trend of non-mining companies adopting Bitcoin as a core asset, beyond the traditional profile of cryptocurrency exchanges or blockchain-native firms.
Analysts note that the global corporate Bitcoin leaderboard is increasingly concentrated, with a small number of firms holding the majority of institutional reserves. Metaplanet’s move further tightens this concentration and signals Japan’s emergence as a potential hub for Bitcoin-focused corporate strategies.
Funding, strategy, and market impact
The company’s strategy involves using capital raised from equity markets to acquire Bitcoin and pursue related income-generating activities.
In addition to its treasury holdings, Metaplanet operates a subsidiary dedicated to derivatives and Bitcoin-based financial services. This structure suggests an effort to integrate Bitcoin not only as a store of value but also as part of its broader business operations.
Despite the scale of the announcement, Metaplanet’s stock saw only a modest reaction. Shares dipped slightly in Tokyo trading, indicating that investors may have already priced in the company’s aggressive acquisition plans.
Through a post on X, Metaplanet’s Director of Bitcoin Strategy, Dylan LeClair, noted that the $632 million purchase is “just the first tranche,” as part of the firm’s plan after raising roughly $1.4 billion to continue expanding its Bitcoin holdings.
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