Metaplanet Becomes Fifth Largest Corporate Bitcoin Holder After Acquisition
Metaplanet's Bitcoin Acquisition
- Tokyo-listed Metaplanet acquired 5,419 BTC for approximately $632 million at an average price of $116,724 per coin.
- Total Bitcoin holdings now stand at 25,555 BTC, valued at nearly $3 billion, placing Metaplanet among the top five corporate Bitcoin holders globally.
- The company aims to reach 30,000 BTC by the end of 2025 and 100,000 BTC by 2026.
Financial Performance
- Metaplanet spent around $2.71 billion on its Bitcoin stash, with an average cost of $106,065 per BTC.
- Unrealized profit of nearly $290 million; year-to-date yields exceed 395%, with quarter-to-date returns at 10.3%.
- Stock price fell by nearly 0.5% to 605 JPY amid Bitcoin price volatility; shares are down more than 27% in the past month.
Strategic Expansion
- Launched subsidiaries in the US and Japan to scale Bitcoin income generation.
- Raised $1.45 billion through an international share offering.
- Acquired Bitcoin.jp domain and established Bitcoin Japan Co. for initiatives like a Bitcoin magazine and conference in 2027.
Current Market Conditions
- Bitcoin recently dropped below $115,000, trading at $114,509 with a 1.5% decrease in the past week.
- Volume increased by 34.63% in the past day.
- Industry figures suggest reduced volatility may improve long-term stability for institutional investors.