Metaplanet, the Tokyo-listed company known as “Asia’s MicroStrategy,” has strengthened its position in the corporate Bitcoin race with another massive purchase. On September 22, the firm announced the acquisition of 5,419 BTC worth over $632 million, propelling it into the top five largest corporate Bitcoin treasuries worldwide.
Metaplanet’s Bitcoin Treasury Nears $3 Billion
Following the latest purchase, Metaplanet’s total Bitcoin holdings now stand at 25,555 BTC, valued at nearly $3 billion at current prices. The company disclosed that it bought its holdings at an average price of $106,065 per BTC, with the most recent tranche acquired at an average of $116,724.
This aggressive accumulation strategy has already yielded results. Despite the recent dip in Bitcoin’s price, Metaplanet sits on an unrealized profit of almost $290 million. The company reported that its quarter-to-date Bitcoin yield increased to 10.3%, while its year-to-date (YTD) Bitcoin yield surged by 395.1%, according to CEO Simon Gerovich, who shared the update with shareholders on X.
Metaplanet’s accelerated Bitcoin strategy echoes the playbook of U.S.-based MicroStrategy, which has long dominated headlines with its corporate crypto accumulation.
Stock Price Slips Despite Bitcoin Gains
Interestingly, the company’s stock price did not mirror its Bitcoin-driven growth. Shares of Metaplanet slipped by nearly 0.50% to 605 JPY on Monday, after last week’s rebound. Over the past month, the stock has plunged more than 27%, driven in part by heavy short-selling from institutional players such as Morgan Stanley, Jefferies, and UBS.
Despite this pressure, Metaplanet stock remains up 74% year-to-date in Japan and nearly 83% on U.S. OTC markets, closing at $4.09 on Friday. The company has also been actively expanding operations, recently announcing new subsidiaries in the U.S. and Japan aimed at strengthening its Bitcoin income generation business. This follows the successful raising of $1.4 billion to bolster its treasury.
Bitcoin Market Outlook
At the time of writing, Bitcoin (BTC) was trading at $114,685, down more than 1% in the past 24 hours, with a daily range of $114,199 to $115,901. Trading volume rose by 36%, reflecting heightened market activity.
Derivatives data from CoinGlass showed mixed sentiment, with overall BTC futures open interest falling by 0.70% to $83 billion, while CME and Binance saw slight increases in open interest, suggesting cautious buying among traders.
Looking Ahead
Metaplanet’s latest acquisition solidifies its reputation as a leading institutional Bitcoin accumulator and signals growing corporate adoption in Asia.
While its stock faces pressure from short-sellers, the firm’s long-term Bitcoin strategy has positioned it firmly among the top five global corporate holders, a milestone that underscores the continuing trend of digital assets moving into mainstream corporate balance sheets.