Metaplanet Raises Bitcoin Holdings by 518 BTC, Now Owning 18,113 BTC

Metaplanet Inc., a Tokyo listed company, has added 518 BTC worth $61.4 million to its Bitcoin reserves. The purchase was made...

Quick overview

  • Metaplanet Inc. has added 518 BTC worth $61.4 million to its reserves, bringing its total holdings to 18,113 BTC.
  • The company continues to accumulate Bitcoin as a long-term asset for treasury diversification and inflation hedging, despite short-term market fluctuations.
  • Metaplanet's Bitcoin investments have returned 459.2% year-to-date, reflecting a successful accumulation strategy amid growing corporate adoption of Bitcoin.
  • Following the announcement, Metaplanet's stock experienced a brief rise before stabilizing, while Bitcoin's spot price saw a slight decline.

Metaplanet Inc., a Tokyo listed company, has added 518 BTC worth $61.4 million to its Bitcoin reserves. The purchase was made at an average price of $118,519 per coin on August 12th. This brings Metaplanet’s total Bitcoin holdings to 18,113 BTC. The company is accumulating Bitcoin steadily regardless of short term market fluctuations.

In Japanese yen, this latest purchase cost approximately 9.086 billion yen with an average price per Bitcoin of 17,540,861 yen. Metaplanet has invested around 270.364 billion yen into Bitcoin so far, as a long term asset for treasury diversification and inflation hedging.

Corporate Bitcoin Stakes Growing

Metaplanet’s August purchase follows a large buy in late July when it added 463 BTC at $115,895 each for around $53.7 million. That buy brought its Bitcoin holdings to 17,595 BTC, worth $1.78 billion at the time. Since then Metaplanet’s Bitcoin investment has returned 459.2% YTD, a testament to its accumulation strategy and Bitcoin’s rally.

The company’s rapid accumulation is mirroring activity from other institutional players like Strategy which recently bought 155 BTC for $18 million, bringing its holdings to 628,946 BTC, worth $46.09 billion. Analysts see these concentrated buys as clear signs of growing corporate adoption of Bitcoin, seen as a hedge against inflation and currency depreciation.

Notable institutional trends:

  • Bitcoin as a treasury reserve asset
  • Major venture capital and investment firms involved
  • “Bitcoin standard” frameworks for financial management

Market Reaction and Bitcoin Outlook

After the announcement Metaplanet’s stock rose 1% to 997 yen from 985 yen before dropping back to 980 yen. Bitcoin’s spot price declined around 2% to around $119,000 from recent highs near all time high. The market had largely priced in Metaplanet’s consistent Bitcoin buys.Metaplanet’s Bitcoin portfolio returned 26.5% from July 1 to August 12, bringing YTD returns to 468.1%. The company’s long term approach is a stark contrast to short term market fluctuations, as it believes in Bitcoin as a store of value.

Things to watch:

  • Metaplanet’s ongoing Bitcoin buys
  • Bitcoin price vs historic highs
  • Institutional demand and regulatory developments

With 18,113 BTC under management, Metaplanet is one of the largest corporate Bitcoin holders. It’s well positioned to benefit if Bitcoin goes to or beyond previous all time high.

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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