Japan's Metaplanet buys 1,005 bitcoins, holdings reach $1.4b

Japanese investment firm Metaplanet has acquired an additional 1,005 bitcoin (BTC), raising its total holdings to 13,350 BTC or worth about US$1.4 billion based on market prices.

The purchase was made at an average price of US$107,601 per bitcoin, amounting to US$108.1 million.

This acquisition positions Metaplanet as the fifth-largest publicly listed corporate holder of bitcoin.

It surpasses Galaxy Digital, which holds 12,830 BTC, and CleanSpark, which has 12,502 BTC, according to BitcoinTreasuries.net.

The data platform has not yet updated its records to include Metaplanet’s latest purchase.

Metaplanet CEO Simon Gerovich announced on social media that the company significantly increased its bitcoin holdings from 3,350 BTC just three months prior.

The firm aims to accumulate over 210,000 BTC by the end of 2027.

🔗 Source: The Block

🧠 Food for thought

1️⃣ Corporate Bitcoin treasury adoption is accelerating beyond early adopters

Metaplanet’s rapid accumulation of 10,000 BTC in just three months demonstrates how corporate Bitcoin strategies are expanding beyond pioneering companies like MicroStrategy.

This acceleration reflects a broader trend where corporate Bitcoin holdings increased from 263,000 BTC to 594,000 BTC in just one year—a 127% growth rate that outpaces Bitcoin’s 0.9% supply growth during the same period1.

While MicroStrategy remains dominant with over 580,000 BTC, the entrance of firms like Metaplanet signals a diversifying ecosystem of corporate holders, with approximately 70 publicly-listed companies now holding Bitcoin as a treasury asset1.

This growing corporate interest is partly enabled by recent accounting standard changes that allow companies to report Bitcoin at fair value, removing a significant barrier to adoption that previously required reporting impairment losses without recognizing gains2.

Analysts estimate this corporate Bitcoin adoption trend could bring an additional $330 billion in capital into the Bitcoin market over the next four years, potentially creating significant price pressure due to Bitcoin’s limited supply3.