- Metaplanet expands its Bitcoin holdings to 30,823 BTC worth over $1.2B, becoming the fourth-largest public Bitcoin treasury firm.
- Despite a 38% monthly stock decline, Metaplanet shows conviction by raising $1.4B to fuel further Bitcoin acquisitions and strategies.
- With revenue surging 115.7% in Q3, Metaplanet scales new income ventures while Bitcoin trades above $116,000, signaling resilient growth.
Metaplanet’s bold move into Bitcoin is shaking up the treasury sector at a critical time for digital assets. On Monday, the Tokyo-based firm announced the purchase of 5,268 BTC for 91.6 billion yen ($623 million). This pushed its total holdings to 30,823 BTC, making it the fourth-largest publicly traded Bitcoin treasury company worldwide. The firm paid roughly 17.4 million yen per coin, or about $118,328, underscoring its conviction in the asset.
Besides this latest acquisition, Metaplanet had already secured $632 million worth of Bitcoin in late September. That marked its largest single purchase to date. Hence, the company continues to signal confidence in Bitcoin even as peers face mounting pressure. CEO Simon Gerovich emphasized in an X post that Metaplanet’s growth is strengthening its “broader Bitcoin Treasury strategy.”
Aggressive Growth Despite Market Pressures
However, the timing is far from ideal. Metaplanet stock fell 10.26% on Monday and has dropped 38% over the past month. Moreover, its year-to-date gains remain positive at 48.3%, but market appetite for Bitcoin treasury stocks has weakened. Even heavyweights like MicroStrategy saw their share prices tumble more than 45% from late 2024 highs.
Additionally, the sector faces challenges from regulatory ambiguity in the U.S., global monetary tightening, and ripple effects of the GENIUS Act. Consequently, headlines have questioned the durability of Bitcoin’s “digital gold” narrative.
Scaling New Avenues for Bitcoin Income
Metaplanet is not slowing down. The company recently announced plans to raise $1.4 billion by issuing 385 million new shares. The proceeds will be used for more Bitcoin purchases. Moreover, it launched Metaplanet Income Corp., a U.S. subsidiary designed to scale income strategies through derivatives and related activities.
Quarterly revenue growth also supports this expansion. Q3 revenue rose 115.7% from Q2 to reach 2.438 billion yen ($16.5 million). Gerovich highlighted that the results “demonstrate operational scalability” and help build a stronger financial foundation.
Meanwhile, Bitcoin itself has regained momentum. According to CoinMarketCap, BTC trades at $116,459, up 3.16% in the past 24 hours.
Metaplanet’s conviction shows that large players still view Bitcoin as strategic. For long-term believers, Q4 volatility could turn this aggressive accumulation into a defining advantage.
