Japanese firm Metaplanet has significantly scaled up its Bitcoin treasury, announcing a purchase of 5,268 BTC for 91.6 billion Japanese yen ($623 million). This latest acquisition, made at a price of about $118,328 per coin, pushes the company’s total holdings to 30,823 BTC.
According to CEO Simon Gerovich, this move establishes Metaplanet as the world’s fourth-largest publicly traded Bitcoin treasury company, following Strategy, MARA Holdings, and XXI. This acquisition follows a larger $632 million BTC purchase announced on September 21st.
Financial and Strategic Context
Metaplanet’s strategy is supported by strong recent financial performance. The company reported a Q3 quarterly revenue of 2.438 billion yen ($16.5 million), marking a substantial 115.7% growth from the previous quarter (Q2). CEO Gerovich noted that the strong Q3 results solidify the financial basis for a planned preferred share issuance, which is central to its Bitcoin Treasury strategy.
Last month, Metaplanet outlined plans to raise $1.4 billion through the issuance of 385 million new shares, with the funds specifically designated for further Bitcoin purchases. The company is also expanding its operations with a new U.S. subsidiary, Metaplanet Income Corp., which will focus on generating Bitcoin income through derivatives and related financial activities.
Stock Performance
Despite the major crypto acquisition, Metaplanet’s Japanese stock experienced a drop of 10.26% on Monday and has fallen 38% over the past month. However, it remains up 48.3% year-to-date. Conversely, its U.S.-traded shares (MTPLF) closed up 8.86% at $3.96 on Tuesday.
October 2025, Cryptoniteuae
