Japan’s top Bitcoin treasury company, Metaplanet, has announced the acquisition of 1,009 BTC valued at 16.48 billion yen ($112 million). This latest move brings the company’s total bitcoin holdings to 20,000 BTC, marking a major milestone in its aggressive accumulation strategy.
According to its filing on Monday, the firm purchased this new batch of bitcoin at an average price of $111,068 per coin.
Now Among the World’s Largest Bitcoin Treasuries
With this announcement, Metaplanet is now the sixth-largest publicly traded company holding bitcoin, surpassing industry giant Riot Platforms, as reported by data from Bitcointreasuries.net.
Remarkably, this achievement comes less than three months after the company first crossed the 10,000 BTC mark. Earlier in the year, Metaplanet raised its year-end target from 10,000 BTC to 30,000 BTC, reflecting its rapid shift toward bitcoin dominance.
Aggressive Funding Plans for More Bitcoin
Just last week, Metaplanet revealed plans to raise 130 billion yen ($880 million) through an international share offering. The majority of this capital will be directed toward further bitcoin purchases over the next two months.
CEO Simon Gerovich also noted that the company may consider borrowing against its bitcoin holdings in the future to acquire cash-generating businesses, signaling a broader growth strategy beyond treasury accumulation.
Stock Performance
Despite the bold purchase, Metaplanet’s stock fell 2.62% in Monday’s morning trading session in Japan, according to Yahoo Finance. On the U.S. market, however, the company’s MTPLF stock closed at $6.11 last Friday, up 0.83%.