Japanese investment firm Metaplanet Inc. announced Monday it has purchased an additional 775 Bitcoin for $93 million, bringing its total holdings to 18,888 BTC—valued at approximately $1.94 billion. The purchase came amid a sharp pullback in Bitcoin prices following last week’s profit-taking wave.
The company disclosed that it acquired the Bitcoin at an average price of $120,006 per coin. As of early Tuesday in Asia, Bitcoin was trading down 2.2% at $115,478, off recent highs above $124,000.
Despite the broader market decline, Metaplanet shares rose 1.5% in Tokyo trading, underscoring continued investor confidence in its long-term Bitcoin strategy.
Originally a hospitality business, Metaplanet has rapidly transformed into a crypto-focused treasury firm, aggressively accumulating Bitcoin through a series of capital raises. Earlier in August, the company revealed plans to raise ¥580 billion ($3.7 billion) in equity to fund future BTC purchases.
With its latest acquisition, Metaplanet has become the world’s seventh-largest corporate Bitcoin holder, trailing just behind Trump Media & Technology Group. The strategy mirrors that of Michael Saylor’s MicroStrategy—now rebranded as Strategy—which pioneered the model of using equity and debt to build a Bitcoin-centric corporate treasury. Strategy now holds 628,946 BTC, the largest corporate stash globally.
Bitcoin’s broader rally this year has been fueled by increasing regulatory support from the Trump administration and growing institutional interest. Despite short-term volatility, the long-term outlook remains bullish, particularly among firms using BTC as a core treasury asset.
Metaplanet’s continued accumulation underscores a growing trend among public companies looking to position Bitcoin as a strategic store of value. As BTC adoption expands beyond traditional tech players, Japan’s Metaplanet stands out as a key global participant in the evolving crypto-finance landscape.
