tl;dr
Tokyo-based Metaplanet surpasses 30,000 BTC holdings, doubles revenue forecasts, and attracts major institutional investors like Capital Group, cementing its position as a global Bitcoin leader.
**Metaplanet Surpasses 30,000 BTC Holdings, Doubles Revenue Forecast as Institutional Interest Grows**
Tokyo-based technology firm Metaplanet has solidified its status as one of the world’s largest corporate holders of Bitcoin, surpassing the 30,000 BTC threshold with a series of aggressive purchases. The move marks a significant milestone in the company’s strategy to position itself as a leader in corporate Bitcoin adoption.
### Bitcoin Holdings Expansion
On October 1, Metaplanet announced the acquisition of 5,268 BTC at an average price of $116,870, costing approximately $616 million. This purchase followed a previous buy of 5,419 BTC in late September, its largest single acquisition to date. Together, these transactions pushed Metaplanet’s total Bitcoin holdings to 30,823 BTC, accumulated at an average cost of $107,912.
The firm’s Bitcoin treasury strategy has far exceeded its initial goals. Starting with a target of 10,000 BTC, Metaplanet expanded its ambitions to 30,000 BTC, a milestone it has now surpassed. This achievement places the company above Bitcoin Standard Treasury in the rankings, making it the fourth-largest corporate Bitcoin holder globally.
### Revenue Growth and Financial Outlook
Metaplanet’s aggressive Bitcoin accumulation is mirrored by robust financial performance. Its Bitcoin Income Generation unit reported ¥2.44 billion ($16.5 million) in Q3 revenue, a 115.7% increase from the previous quarter. Building on this momentum, the company doubled its full-year revenue forecast, raising it from ¥3.4 billion ($23 million) to ¥6.8 billion ($46 million). Operating profit projections also saw a significant boost, climbing from ¥2.5 billion ($17 million) to ¥4.7 billion ($32 million)—an 88% increase.
Metaplanet President Simon Gerovich highlighted the company’s progress, stating, *“Q3 results demonstrate operational scalability and strengthen the financial foundation for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy.”*
### Institutional Investor Interest
Metaplanet’s strategic moves have attracted attention from global institutional investors. Last week, the firm revealed that Capital Group, a U.S.-based asset manager overseeing $2.6 trillion in assets, became its largest shareholder. Capital Group now owns 11.45% of Metaplanet shares, valued at approximately $500 million, surpassing National Financial Services.
Other top investors include major U.S. financial institutions such as Vanguard, JPMorgan, Citigroup, and State Street. This influx of institutional capital underscores growing confidence in Metaplanet’s role as a pioneer in corporate Bitcoin adoption.
### Looking Ahead
Metaplanet’s rapid expansion of its Bitcoin holdings, coupled with strong revenue growth and institutional backing, positions it as a key player in the evolving cryptocurrency landscape. As the company continues to execute its strategy, its actions could further influence corporate adoption of Bitcoin and shape the future of digital asset management.
For now, Metaplanet’s journey from a 10,000 BTC target to a 30,000 BTC leader highlights the transformative potential of Bitcoin as both an investment and a strategic asset for forward-thinking enterprises.