Metaplanet Adds $26.4M in BTC to Portfolio Amid Ongoing Market Fluctuations

In a show of long-term conviction, Metaplanet has expanded its Bitcoin holdings by 319 BTC—solidifying its place among institutional BTC backers aiming for scale over speculation.

The firm paid an average of $83,000 per Bitcoin in its latest buy, committing $26.4 million. That brings its total Bitcoin stash to 4,525 BTC, with a paper value of $406 million based on acquisition costs. Yet with prices falling, Metaplanet is now nursing an unrealized loss of roughly $24 million—raising questions about the timing of its aggressive accumulation strategy.

This buy fits right into the Bitcoin playbook Metaplanet kicked off in April 2024. The company’s been smart about it—using classic Wall Street tools like bonds and stock options to fund crypto purchases without eating into current shareholders’ stakes.

Metaplanet is now the largest Bitcoin-holding public company in Asia, and ninth overall on the global leaderboard, per BitcoinTreasuries. But closing in on eighth-place Block would mean acquiring an additional 4,000 BTC—a figure equal to its entire haul from the past year. The bar for moving up is high.

Check this out: What Happens When Bitcoin Runs Out? Predictions and Strategies

Metaplanet’s management has made no secret of its vision: amassing 10,000 BTC by year’s end and eventually doubling down to 21,000. Market turbulence hasn’t shaken its resolve. The firm continues to align its financial strategy around Bitcoin accumulation, reinforcing its belief in the asset’s long-term potential.

Why are more companies eyeing Bitcoin? The answer lies in the chaos of traditional markets—think inflation, think geopolitical flashpoints. It’s no surprise that institutions are rethinking their strategies. Bitcoin is emerging as a long-term play, and Metaplanet is already ahead of the curve.