Metaplanet Boosts Bitcoin Reserves with 775 BTC Purchase

Jimmy Aki
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On August 18, Metaplanet increased its Bitcoin holdings with the new purchase of 775 BTC valued at approximately $93 million. The acquisition raises the company’s total reserves to 18,888 BTC.

$2.18 Billion Spent on Bitcoin Stash

According to a recent filing, Metaplanet’s Bitcoin stash has climbed to an estimated $2.18 billion, based on the prevailing market rate.

The Japanese firm began its accumulation drive in April 2023, quickly building a reputation as a counterpart to a U.S. company, Strategy that also uses Bitcoin as a reserve asset.

The growth has been steady and deliberate. In recent weeks, Metaplanet made consecutive purchases that drew attention across global markets. On August 4, the company acquired 463 BTC for around $53 million.

A week later, it added 518 BTC, worth nearly $1.85 billion (9.086 billion Japanese yen). This latest acquisition only adds to its momentum.

Behind this rapid expansion lies a structured roadmap. The company’s initial “21 Million Plan” aimed to acquire 21,000 BTC by 2026.

That ambition has since evolved into its “555 Million Plan,” a long-term strategy to secure 210,000 BTC, about 1% of the total Bitcoin supply, by the end of 2027.

If achieved, this would place Metaplanet in a rare league of global Bitcoin treasury giants.

Industry data backs this trajectory. According to Bitcointreasuries.net, Metaplanet now ranks among the top seven corporate holders of Bitcoin worldwide.

The company’s strong financials have helped fuel this pace. In the second quarter, Metaplanet reported total revenue of 1.2 billion yen ($8.4 million), a 41% increase from the previous quarter.

Net income also swung into profit at 11.1 billion yen ($75.1 million), a stark turnaround from a 5 billion yen ($34.2 million) loss earlier in the year.

Metaplanet’s bold Bitcoin strategy is already shaping the broader Asian market. Analysts believe that the firm’s aggressive Bitcoin treasury policy could inspire other companies to follow.

Quantum Solutions, a Japanese AI company, has announced plans to invest in Bitcoin. The company will initially utilize borrowed funds to purchase up to $10 million worth of Bitcoin, with the ambitious goal of building a reserve of 3,000 BTC over the next 12 months.

US Treasury Action Sparks Brief BTC Dip, Threatening Momentum

Metaplanet’s buying spree comes at a turbulent moment for Bitcoin. The asset currently trades around $115,000, down 7.25% from its record high of $124,457 set on August 14.

The pullback followed remarks from U.S. Treasury Secretary Scott Bessent that rattled markets.

Bessent suggested the Treasury had no immediate plans to acquire more Bitcoin beyond confiscated holdings.

Markets responded within minutes. Bitcoin slipped from $121,073 to $118,886 in under an hour, wiping nearly $55 billion from its overall market value.

However, Bessent clarified his earlier comments in an X post as he outlined plans to expand the U.S. Bitcoin reserve by relying on assets seized in criminal cases, a move designed to be budget-neutral.

Nonetheless, many observers interpreted his remarks as a sign of hesitation, concluding that U.S. authorities may not be as committed to growing national reserves as once believed.

The ripple effects have also touched Japan. According to Yahoo Finance data, Metaplanet’s stock fell 8.6% to close at 866 yen on August 15.

On August 17, Metaplanet CEO Simon Gerovich addressed the concerns directly. He acknowledged the disappointment of shareholders following the recent pullback but stressed the firm’s long-term vision to reach 30,000 BTC before the end of 2025.

At press time, the stock showed a mild rebound, inching up 0.6% as investors watched closely for direction.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.