Company issued over 739 million new shares, totaling 751.2 million outstanding, enabling treasury growth while diluting per-share exposure.
Metaplanet added 136 BTC to its treasury, bringing holdings to 20,136 BTC worth about $2.08 billion. The purchase, disclosed by CEO Simon Gerovich, pushes the company near its stated goal of 21,000 BTC by 2026 after passing 10,000 BTC far ahead of schedule. The average acquisition cost stands at $103,196 per coin, indicating a steady buy-through approach despite price swings.
Meanwhile, Bitcoin trades near $113,037, up 1.63% in the past 24 hours after sliding from an all-time high close to $125,000. The backdrop matters for equity holders. Metaplanet shares closed at ¥614.00, down 9.97% on the day and nearly 30% over the month, though they remain up 101% year to date.
By comparison, Metaplanet now ranks sixth among public companies by Bitcoin holdings, behind Strategy, Marathon Digital, XXI, Bitcoin Standard Treasury Company, and Bullish. Strategy reported more than 638,000 BTC at an average price of $66,384, while El Salvador lifted its national stash to over 6,313 BTC with a 21-BTC purchase tied to the fourth anniversary of its Bitcoin policy.
Moreover, Metaplanet updated shareholders on the exercise of its 20th series of stock acquisition rights. The company added more than 739 million shares between August 27 and 29, bringing total issued shares to 751.2 million. Increased float supports balance-sheet expansion but dilutes per-share exposure to future gains.
Operationally, the strategy is clear: convert capital into BTC and hold through cycles. However, the equity case depends on three moving parts — Bitcoin’s price path, issuance discipline, and treasury transparency.
If BTC stabilizes and the company limits further dilution, the balance sheet should track coin appreciation with fewer headwinds. If volatility returns and issuance remains active, shares may lag book growth.
Bitcoin (BTC) is trading at $112,713, reflecting a 0.32% gain in the last 24 hours and a 3.54% rise over the past week. The market capitalization stands at approximately $2.24 trillion, with a circulating supply of around 20 million BTC.
Trading volume in the last 24 hours exceeded $40.5 billion, suggesting elevated participation across markets, particularly on major exchanges such as Azbit, Binance, and Pionex.
On the news front, Bitcoin ETFs have recorded $368 million in inflows, the strongest since August. The capital shift from Ethereum ETFs into Bitcoin highlights renewed institutional preference for BTC.
In parallel, Japan-based Convano announced a $139.2 million bond issuance aimed at increasing its Bitcoin reserves, adding to the growing trend of corporate BTC accumulation. Furthermore, Michael Saylor continues his accumulation strategy, adding $217 million in Bitcoin to MicroStrategy’s holdings.
The market also reacts to macroeconomic sentiment. Optimism surrounding potential interest rate cuts by the U.S. Federal Reserve, scheduled for discussion at the September 16-17 meeting, has contributed to bullish momentum. ETHNews analysts are monitoring whether these monetary expectations will push BTC above the $113,500 resistance in the coming days.
