Metaplanet has quietly cemented itself among the world’s biggest Bitcoin holders, crossing the 20,000 BTC mark after another sizeable acquisition this week.
The Japan-based company confirmed it picked up 136 BTC in a deal valued at just over $15 million, underscoring its aggressive accumulation strategy.
The purchase lifts Metaplanet into sixth place on the leaderboard of publicly traded companies with the largest Bitcoin reserves, according to data from BitcoinTreasuries. Only a handful of firms — led by Michael Saylor’s Strategy with more than 636,000 BTC — now sit ahead of the Tokyo-listed investor.
CEO Simon Gerovich revealed on X that the latest purchase was executed at an average of $111,666 per coin. Across all of its acquisitions, Metaplanet has now deployed around $2.08 billion, giving it a blended entry price of roughly $103,000 per Bitcoin.
While its Bitcoin balance sheet continues to grow, the company’s own shares have faced pressure. Trading on the Tokyo Stock Exchange, Metaplanet’s stock slipped 1.2% on Monday. The dip extends a 30% decline over the past month, though year-to-date performance remains strong at more than 100% higher than January levels.
The timing of the move coincides with Bitcoin itself holding above $111,000, up 0.5% in the last 24 hours. Analysts see Metaplanet’s consistent buying as a vote of confidence in the cryptocurrency’s long-term trajectory — even as near-term price action and equity performance remain choppy.
For Metaplanet, the strategy is clear: build one of the world’s largest Bitcoin treasuries, no matter the short-term volatility.
