Metaplanet acquired an additional 463 Bitcoin on Monday, becoming the first publicly traded company to take advantage of Bitcoin’s recent 5% weekend dip.
The Japanese investment firm said in a statement that it spent 8 billion yen (approximately $53.7 million) on the purchase, paying an average price of around $115,895 per Bitcoin.
With this latest acquisition, Metaplanet now holds a total of 17,595 Bitcoin — valued at over $2 billion — solidifying its rank as the world’s seventh-largest corporate holder of Bitcoin.
Metaplanet may be the first publicly traded company to announce a Bitcoin purchase in August, but it follows a significant wave of corporate crypto accumulation.
According to Cointelegraph, 16 companies collectively added more than $7.8 billion in crypto to their balance sheets during the final week of July.
Meanwhile, spot U.S. Bitcoin exchange-traded products (ETPs) saw strong inflows throughout July but began August with a sharp reversal, experiencing $812.3 million in outflows — marking one of the largest single-day outflows in their history.
Metaplanet stays committed to its Bitcoin strategy
Metaplanet’s latest purchase underscores its determination to continue accumulating Bitcoin steadily, even amid macroeconomic signals that hint at potential headwinds.
Led by Simon Gerovich, the firm has now reached 8.4% of its ambitious goal to acquire 210,000 Bitcoin — representing 1% of the total supply — by the end of 2027.
Metaplanet is once again mirroring Michael Saylor’s Bitcoin playbook
On Friday, Metaplanet revealed plans to issue approximately $3.73 billion in perpetual preferred shares — a financial strategy famously employed by Michael Saylor’s firm to grow its Bitcoin holdings beyond 628,700 BTC.
Saylor once described one of Strategy’s preferred stock offerings, listed under the ticker STRC, as the company’s “iPhone moment” after it successfully raised $2.5 billion in funding.
Perpetual preferred shares offer firms like Strategy and Metaplanet a way to secure long-term capital for Bitcoin acquisitions without diluting common shareholders or taking on traditional debt.
Metaplanet’s offering will provide investors with up to a 6% annual dividend, depending on market dynamics and investor interest.
More publicly traded companies join the race to accumulate Bitcoin
According to data from BitcoinTreasuries.NET, Metaplanet currently ranks behind Strategy, Mara Holdings, XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media in the race to accumulate Bitcoin.
At the same time, the number of Bitcoin-holding companies continues to grow, with 162 public firms now listing Bitcoin on their balance sheets — up from 112 as of May 26.
