Japanese firm Metaplanet has announced a significant new purchase of 1,009 Bitcoin (BTC) for 16.48 billion yen ($112 million), bringing its total holdings to 20,000 BTC. This acquisition was made at an average price of approximately $111,068 per bitcoin.
With this latest accumulation, Metaplanet has become the sixth-largest public company holding bitcoin, likely surpassing Riot Platforms. The company's rapid accumulation is noteworthy, as it doubled its bitcoin treasury from 10,000 BTC in less than three months. Earlier this year, Metaplanet increased its year-end target for bitcoin holdings from 10,000 to 30,000 BTC.
To fund this strategy, Metaplanet plans to raise 130 billion yen (about $880 million) through an international share offering, with the majority of the proceeds dedicated to buying bitcoin over the next two months. Metaplanet's CEO, Simon Gerovich, has also mentioned the possibility of using their bitcoin holdings as collateral to acquire cash-generating businesses in the future.
Following the announcement, Metaplanet's stock saw a 2.62% drop in Japan on Monday, although its U.S.-listed stock had closed up 0.83% on the previous Friday.
August 2025, Cryptoniteuae