Metaplanet Buys 463 BTC for $53.7M, Boosting Total Holdings to 17,595 BTC

Metaplanet buys 463 more Bitcoin at $115,895 each, total $53.7M. Now holds 17,595 BTC ($1.78B). This is a Bitcoin-first treasury strategy.

Quick overview

  • Metaplanet has purchased 463 Bitcoin at an average price of $115,895 each, totaling $53.7 million.
  • The company now holds 17,595 BTC, valued at approximately $1.78 billion, and has seen a year-to-date performance of +459.2%.
  • Metaplanet plans to raise $3.7 billion through perpetual preferred shares to further invest in Bitcoin and strengthen its market position.
  • Despite a recent 6% drop in stock price, the overall market sentiment towards Bitcoin remains positive, driven by institutional interest and favorable monetary policy expectations.

Metaplanet buys 463 more Bitcoin at $115,895 each, total $53.7M. Now holds 17,595 BTC ($1.78B). This is a Bitcoin-first treasury strategy.

  • New Purchase: 463 BTC for $53.7M
  • Average Cost per BTC: $115,895
  • Total Holdings: 17,595 BTC (~$1.78B)
  • YTD Performance: +459.2% BTC yield

Metaplanet is now one of the largest publicly traded corporate holders of Bitcoin in Asia. Though still behind Strategy—Michael Saylor’s firm that holds 628,791 BTC—Metaplanet’s steady buying shows long term conviction. Strategy’s latest purchase of 21,021 BTC for $2.46B is the latest example of the institutional race for Bitcoin dominance.

$3.7B Funding Plan Fuels Speculation

Beyond buying, Metaplanet is proposing to raise $3.7B in perpetual preferred shares. The funds will likely be used for more Bitcoin buying and to cement Metaplanet’s status as a global crypto giant. The proposal will be voted on at an upcoming Extraordinary General Meeting (EGM) and the market is watching.

This is a sign of growing investor appetite for companies with strong Bitcoin exposure even as traditional equities fluctuate. But Metaplanet’s stock price fell 6% to ¥998 in early Monday trading, despite long term optimism.

Bitcoin Bounces Back

Bitcoin is recovering after a dip, up 1% to $114,594 after a weekend low of $111,800. The bounce was triggered by weak US nonfarm payrolls—73,000 jobs added vs 190,000 forecast—and a risk-off sentiment that reversed quickly as long term buyers stepped in.

Market sentiment is also improving due to monetary policy expectations:* 89.1% chance of 0.25% Fed rate cut by September. Growing perception of Bitcoin as a hedge against USD depreciation

These factors, combined with Metaplanet’s assertive buying, suggest that institutional interest in Bitcoin is far from cooling off.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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