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Metaplanet Adds 136 BTC, Raising Corporate Bitcoin Holdings to 20,136 BTC
Tokyo-listed Metaplanet Inc. announced a fresh purchase of 136 BTC for roughly $15.2 million, bringing its total Bitcoin treasury to 20,136 BTC. The latest acquisition was executed at an average price of $111,666 (¥16.55 million) per coin, according to the company filing. That pushes the firm's total Bitcoin investment to about $2.08 billion (¥304.6 billion) with an average cost basis near $103,196 (¥15.1 million) per BTC.
Progress Toward Aggressive BTC Accumulation Targets
Metaplanet has set ambitious accumulation goals: 30,000 BTC by the end of 2025 and 100,000 BTC by 2026. With current holdings, the company has reached roughly 67% of its 2025 target and about 20% of its 2026 objective. To meet those milestones, Metaplanet still needs to add nearly 10,000 BTC before year-end 2025 and another ~70,000 BTC in 2026. These targets are a significant expansion from the firm's earlier plan, which initially targeted 10,000 BTC for 2025 and 21,000 BTC for 2026.
Strong Reported Returns and Market Position
Metaplanet reports a notable BTC yield performance, citing a "BTC Yield of 487% YTD 2025" based on its average purchase price. The company now ranks among the largest public corporate holders of Bitcoin, positioned as the sixth-largest corporate treasury holder globally. That growing balance sheet underscores the rising role of corporate Bitcoin treasuries in institutional crypto adoption and market liquidity dynamics.
Shareholder Vote Clears $884M Capital Raise Amid Stock Volatility
Facing a funding crunch triggered by steep equity weakness, Metaplanet shareholders approved an $884 million capital-raising proposal. The plan, passed at an extraordinary meeting in Tokyo's Shibuya district, authorizes the company to issue up to 550 million new shares overseas and to offer preferred stock. The equity move is intended to strengthen Metaplanet's balance sheet and support continued Bitcoin accumulation without forcing asset sales.
Market Reaction and Risk Management
Metaplanet's stock has experienced significant volatility: it peaked at $13.20 (¥1,930) in 2025 and has since fallen roughly 65%, trading near $4.60 (¥680) at the time of reporting. Independent observers, including Pranav Agarwal of Jetking Infotrain India, have noted that Metaplanet appears to be managing risk prudently through low structured-debt exposure relative to its BTC net asset value (BTC NAV). Agarwal told Decrypt that with balanced equity issuance and a measured debt program, the company is unlikely to face forced liquidation in the near term.
FTSE Japan Index Inclusion Reinforces Mainstream Adoption
Further validating its market relevance, Metaplanet was upgraded by FTSE Russell from small-cap to mid-cap and will be included in the FTSE Japan Index. The inclusion, effective after market close on September 19, 2025, marks another step toward embedding Bitcoin exposure within mainstream equity portfolios and highlights how public companies can serve as institutional bridges into crypto.
What This Means for Bitcoin Markets
Corporate treasuries like Metaplanet are increasingly influential buyers in the Bitcoin market. Industry voices argue that large-scale accumulation by publicly listed firms can provide a durable buying base for BTC and may reduce available circulating supply. If selling pressure abates, concentrated buying from corporate treasuries could fuel short-term price rallies—though new supply from issuances or profit-taking could temper sustained upward moves.
As Metaplanet pursues aggressive accumulation targets while navigating capital markets, its strategy will remain a closely watched case study in corporate Bitcoin adoption, treasury risk management, and the broader intersection of crypto and traditional equity markets.
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