Metaplanet, a Japanese company rapidly gaining attention in the crypto space, has acquired an additional 1,088 BTC, bringing its total Bitcoin treasury to exactly 8,888 BTC. This latest purchase positions Metaplanet as the holder of the 11th largest corporate Bitcoin treasury, solidifying its status as a key player in the growing trend of companies accumulating Bitcoin.
Metaplanet’s Strategic Bitcoin Acquisition
Metaplanet purchased the additional 1,088 BTC near the recent market peak, with an average price of $108,633 per BTC. Founder Simon Gerovich announced a slightly lower acquisition price, averaging $107,771 per BTC.
With this purchase, the company has achieved an estimated average price of $93,354 per BTC , demonstrating a disciplined approach to building its Bitcoin reserves.
This acquisition comes just days after Metaplanet secured an additional $21 million bond funding round, specifically aimed at expanding its Bitcoin holdings. Despite the recent market volatility, which saw Bitcoin dip below $105,000, the company remains committed to its goal of reaching a 10,000 BTC treasury by the end of 2024.
Market Reaction to Metaplanet’s Growth
The announcement of the latest Bitcoin acquisition had a significant impact on Metaplanet’s stock price, which surged to 1,142 JPY ($7.97) – close to its recent monthly peak of 1,222 JPY. The stock has become one of Japan’s most volatile, drawing substantial attention from investors seeking indirect exposure to Bitcoin. Metaplanet aims to replicate the effect of Strategy (MSTR) for the Japanese market.
The company is positioning itself as the go-to stock for Japanese investors looking to gain exposure to Bitcoin without directly purchasing the asset. This strategy mirrors the success of MicroStrategy (MSTR) in Western markets, where institutional and retail investors alike have flocked to the stock due to its aggressive Bitcoin accumulation strategy.
Broader Trends in Corporate Bitcoin Accumulation
Metaplanet is part of a broader trend of companies adding Bitcoin to their corporate treasuries. Recent data shows that public companies now hold a combined total of 3.38 million BTC, with 116 companies actively holding Bitcoin in their reserves. May saw accelerated acquisitions, with several new entrants joining the ranks of Bitcoin treasuries.
While Metaplanet is among the most consistent buyers, it still ranks outside the top 10 corporate Bitcoin holders, as some companies benefit from larger legacy reserves accumulated through mining or earlier purchases. Nevertheless, Metaplanet’s disciplined approach and visibility have made it a standout player in this space.
Global Attention on Metaplanet
In recent weeks, Metaplanet has broken out of its Japanese market containment, attracting global attention. Searches for ‘Metaplanet Inc.’ have surged by 300%, originating primarily from developed crypto markets such as the USA, Canada, and key regions in the Euro area.
The company is also nearing the milestone of a $1 billion treasury, achievable with a small price increase or another acquisition. To maintain financial stability, Metaplanet plans to pay back older bonds while retaining a favorable asset-to-liability ratio.
Stock Price Volatility and Social Media Buzz
Metaplanet’s stock price has seen rapid increases not only in Japan but also on the German market, sparking renewed interest from investors and social media users. The company’s high-visibility profile on platforms like X (formerly Twitter) has helped it stay relevant, often timing its announcements close to those of MicroStrategy to maximize media coverage.
Despite market volatility causing some treasury companies to pause acquisitions, Metaplanet has remained active, further enhancing its reputation as a consistent buyer.
Final Thoughts
Metaplanet’s recent acquisition of 1,088 BTC underscores its commitment to becoming a major player in the corporate Bitcoin accumulation trend. With a clear goal of reaching 10,000 BTC by year-end, the company is well-positioned to attract both institutional and retail investors seeking exposure to Bitcoin through traditional equity markets.
As the company continues to expand its treasury and global presence, it serves as a prime example of how innovative strategies can bridge traditional finance and the burgeoning world of cryptocurrencies. With its disciplined approach and growing influence, Metaplanet is poised to play a pivotal role in shaping the future of corporate Bitcoin adoption.
