Metaplanet Inc. has added 136 BTC for about $15.2 million, raising its bitcoin treasury to 20,136 BTC as the Tokyo-listed investment firm accelerates toward an aggressive accumulation plan.
The company paid an average of $111,666 (¥16.55M) per coin in the latest purchase, bringing its total bitcoin investment to roughly $2.08 billion (¥304.6B) and an average cost basis of $103,196 (¥15.1M) per BTC. That positions Metaplanet at approximately 67% of its revised 2025 goal of 30,000 BTC and about 20% of a stretched 2026 objective of 100,000 BTC.
To hit those targets the firm still needs nearly 10,000 BTC by the end of 2025 and roughly 70,000 BTC in 2026. Metaplanet recently secured shareholder approval for an $884 million capital raise intended to fund continued purchases and ease financing constraints.
Why it matters: concentrated buying by listed bitcoin treasury companies strengthens the demand floor for BTC and can reduce available supply on markets. Industry observers note this group now holds over 1 million BTC (~5% of circulating supply), which could amplify price moves if selling pressure eases.
Risk considerations remain: advisers warn a sharp share-price compression toward bitcoin NAV or renewed market selling could slow Metaplanet’s buying pace. Independent director Pranav Agarwal told Decrypt the company appears to be managing risk with limited structured debt relative to BTC NAV, reducing near-term liquidation risk.
Source: Decrypt. Read the original coverage for full details.