As the market declines, Metaplanet increases its Bitcoin reserves.
At an average price of $118,519 per coin, Japan-based Bitcoin treasury company Metaplanet has announced the acquisition of an additional 581 BTC, valued at around $61 million.
According to Crypto News, the buy on August 12 increases its overall holdings to 18,113 BTC, which is worth almost $1.83 billion at current market levels.
This comes after a purchase of 463 BTC just last week, highlighting its progress toward the year-end goal of 30,000 BTC. Metaplanet is now the sixth-largest corporate Bitcoin holder in the world after switching from a hospitality-focused strategy to a Bitcoin-first one last year.
Two-stage Bitcoin growth plan
According to CEO Simon Gerovich, there are two stages to the company’s Bitcoin strategy. The first focuses on quick acquisition through debt finance and stock issues, with the ultimate objective of acquiring 1% of Bitcoin’s total supply. The second will use its Bitcoin holdings to get funding for acquisitions of companies that generate cash, possibly in the financial services and digital banking industries. Gerovich aims for what he refers to as “escape velocity” in Bitcoin holdings, framing the strategy as a hedge against government debt risks and yen weakening.
Stock selloff after meteoric rise
Metaplanet’s stock has fallen 37% in the last month and is currently 55% below its 2025 peak, bringing its market valuation down from ¥1.14 trillion to ¥638 billion, despite the strong buying. The drop comes after a parabolic surge earlier this year, when shares were up more than 15,000% from 2024 lows at their peak in June, making it one of the best-performing stocks globally. The selloff has been fueled by profit-taking as well as a more general decline in Bitcoin treasury stocks like MicroStrategy and MARA Holdings.
Metaplanet just announced that it will raise an additional $3.7 billion for Bitcoin acquisitions, demonstrating its continued commitment to its accumulation plan. The stock is still up 175% so far this year, while Bitcoin has increased by roughly 3.8% in the last week, briefly surpassing $122,000 before settling at about $118,706. Notwithstanding the volatility of the equities market, the company’s buying binge shows confidence in the trajectory of Bitcoin while maintaining focus on its long-term objective.
As part of a larger effort to increase its bitcoin reserves, we recently reported that Metaplanet, a publicly traded business based in Japan and well-known for its aggressive Bitcoin strategy, has announced plans to issue two new classes of preferred shares, Class A and Class B.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.