Metaplanet’s BTC holdings hit $2B: CEO says, ‘Mission is to grow Bitcoin’
Key Takeaways
Metaplanet has surpassed 17,000 BTC in holdings, solidifying its place as Asia’s MicroStrategy amid rising institutional curiosity in Bitcoin.
Regardless of Bitcoin’s [BTC] current dip from $119K to $114K because the 1st of August, institutional confidence within the asset seems unshaken.
At press time, Bitcoin was buying and selling barely within the inexperienced with a modest 0.61% 24-hour achieve, in keeping with CoinMarketCap.
Metaplanet provides extra Bitcoin
Undeterred by the worth correction, Tokyo-listed Metaplanet has doubled down on its Bitcoin technique, including 463 BTC to its treasury on the 4th of August, bringing its whole holdings to a staggering 17,595 BTC.
That stash is price over ¥261.28 billion (roughly $1.78 billion), although the corporate estimates its worth to be nearer to $2.02 billion based mostly on features.
This acquisition comes simply days after the corporate filed plans to lift as much as ¥555 billion ($3.7 billion) by issuing perpetual most well-liked shares.
Actually, CEO Simon Gerovich additional confirmed that Metaplanet’s common buy value stood at $101,422.
He additionally added,
“Our objective is to have a number of instruments to lift capital for purchasing Bitcoin. On a Bitcoin normal, the mission is to constantly develop Bitcoin per share.”
New BTC titan rises in Asia
With this current buy, Metaplanet has climbed to the seventh spot globally amongst publicly listed corporations.
Actually, it surpassed Coinbase and positioned simply behind heavyweights like MicroStrategy, Marathon Digital (MARA), and Riot as per BitcoinTreasuries.net.
Nevertheless, regardless of the milestone, Metaplanet’s inventory took a 6.68% hit, buying and selling at 992 JPY.
All this adopted the corporate’s current large $92.93 million BTC buy, which pushed it previous the 17,000 BTC mark.
Establishments stack extra BTC
Constancy’s Chris Kuiper confirmed the broader pattern: extra public corporations are crossing the 1,000+ BTC threshold.
“We’ve got gone from 24 corporations on the finish of Q1 2025, to 30 on the finish of Q2 and now have 35 to date into Q3!”
Supply: X
What’s extra?
Trump Media additionally made headlines with its Q2 earnings report, revealing it had collected $2 billion price of Bitcoin in July, additional intensifying the competitors amongst corporations racing to construct substantial crypto treasuries.
As these heavyweight strikes play out, competitors amongst companies to safe BTC continues to warmth up.
