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Metaplanet’s $632 Million Bitcoin Purchase Lifts Holdings to 25,555 BTC, Now Fifth-Largest Corporate Treasury

The Tokyo-listed company financed the buy through a $1.4 billion international share sale.

Overview

  • The company disclosed on Sept. 22 that it bought 5,419 BTC at an average price of $116,724 per coin.
  • Metaplanet has spent about $2.71 billion on its stash at an average cost of $106,065 per BTC, leaving roughly $290 million in unrealized gains.
  • The total positions the firm at 85.2% of its 2025 target of 30,000 BTC, with a stated goal of 100,000 BTC by 2026.
  • The purchase vaulted Metaplanet past Bullish to fifth on the Bitcoin Treasuries ranking of corporate holders.
  • Shares slipped in Tokyo trading and are down more than 27% over the past month as short positions increased, while executives cited a 395.1% year-to-date BTC Yield and launched Miami-based Metaplanet Income Corp. with $15 million to run derivatives.