Metaplanet, a Tokyo-listed company, has significantly expanded its Bitcoin holdings by acquiring an additional 463 BTC. This purchase brings its total treasury to 17,595 BTC, now valued at approximately $1.78 billion. The company’s average cost basis for all its Bitcoin is around $101,010, giving it a meaningful unrealized gain.
This latest acquisition is a key part of Metaplanet’s aggressive Bitcoin strategy, which it formally adopted in late 2024. Just days before this purchase, the company announced its most ambitious capital plan to date, filing to raise up to $3.6 billion through the issuance of perpetual preferred stock. This massive fundraising effort is intended to support its long-term goal of accumulating 210,000 BTC by 2027, a target that would place it in the same league as MicroStrategy.
To facilitate this capital raise, Metaplanet proposed changes to its authorized share count and introduced new classes of preferred shares, providing it with more flexibility. Since its strategic shift to Bitcoin, the company has consistently used capital markets, including equity offerings and bond redemptions, to fund its acquisitions.
Metaplanet is also focused on positioning itself as a shareholder-aligned Bitcoin vehicle, using internal metrics like “BTC Yield” to track the growth of its Bitcoin holdings per share. Its strategy mirrors that of MicroStrategy, emphasizing long-term accumulation over short-term profits or dividends. With its latest moves, Metaplanet has solidified its position as one of Asia’s most active Bitcoin acquirers.
August 2025, Cryptoniteuae
