James Richardson
Metaplanet, a Tokyo-listed investment firm, has made another substantial Bitcoin purchase, acquiring 797 BTC for approximately $93.6 million, according to CEO Simon Gerovich. The acquisition, made at an average price of $117,451 per coin, brings the company’s total Bitcoin reserves to 16,352 BTC, now valued at over $1.64 billion.
Gerovich took to X on Monday to share the update, writing: “Another week, another tranche.”
Fifth-Largest Corporate Holder Globally
With its latest purchase, Metaplanet remains the fifth-largest publicly traded company holding Bitcoin, trailing only behind Strategy, MARA, Twenty One, and Riot Platforms, as per bitcointreasuries.net. Strategy, led by Michael Saylor, continues to dominate the rankings with 597,325 BTC under management.
From Hospitality to Bitcoin Treasury Giant
The company’s pivot from its original hotel management business to becoming a full-fledged Bitcoin-focused treasury operation began last year. In June, Metaplanet announced an ambitious target to accumulate over 210,000 BTC by the end of 2027.
In a recent Financial Times interview, Metaplanet revealed plans to leverage its Bitcoin holdings to finance acquisitions of cash-generating businesses, aiming to expand into digital finance and other adjacent sectors. Gerovich called the current landscape a “Bitcoin gold rush” and said that potential business acquisitions are still in early-stage evaluations.
Q2 Growth and Market Performance
Metaplanet’s Q2 financial report highlighted solid momentum, with revenue surging to nearly 1.1 billion yen ($7.6 million)—a 42.4% year-over-year increase.
Meanwhile, Bitcoin set a new all-time high, breaking past $120,000 late Sunday, and is now trading at $120,754, marking a 2.5% gain in the last 24 hours, according to PRIME.
In tandem, Metaplanet’s stock rose by 1% to 1,580 yen ($10.70) during midday trading on Monday in Tokyo, per Yahoo Finance data.
