tl;dr
Japanese public company Metaplanet purchased $54 million worth of Bitcoin, acquiring 463 BTC at an average price of $101,422 per coin, marking its first purchase since July 28. This brings its total Bitcoin holdings to $1.96 billion, making it the sixth-largest Bitcoin holder globally. Metaplanet ai...
Japanese public company Metaplanet has made a significant Bitcoin acquisition, purchasing $54 million worth, which translates to 463 BTC at an average price of $101,422 per coin. This marks their first purchase since July 28, when they bought 3,782 BTC for $424 million. With this latest purchase, Metaplanet has positioned itself as the sixth-largest Bitcoin holder globally, holding Bitcoin assets valued at $1.96 billion.
The company trails only Riot Platforms ($2.20 billion), Bullish ($2.78 billion), Twenty One Capital ($4.26 billion), Marathon Digital Holdings ($5.71 billion), and the industry giant Strategy ($71.94 billion) in Bitcoin holdings. Metaplanet’s aggressive accumulation strategy points toward a long-term vision in the crypto space.
Looking ahead, Metaplanet aims to amass 100,000 Bitcoins by the end of 2026. To support this ambitious goal, the company filed on August 1 to issue 555 billion yen in new perpetual preferred shares, approximately $3.6 billion, over two years. This capital raise represents the largest the company has ever undertaken and accounts for most of its market capitalization.
Simon Gerovich, Metaplanet’s CEO, emphasized the firm’s commitment to expanding Bitcoin holdings by using multiple financial instruments. He highlighted the perpetual preferred shares issuance as a highly accretive strategy designed to maximize long-term shareholder value under a "Bitcoin standard," focusing on steadily growing Bitcoin per share over time.