Tokyo-based Metaplanet Inc. purchased another 1,009 BTC (about $112 million), taking its corporate treasury to 20,000 BTC and surpassing Riot Platforms to become the sixth-largest public corporate holder of bitcoin.
The buy was valued at roughly 16.5 billion yen. Company filings show Metaplanet’s total bitcoin acquisitions now total 302.3 billion yen at an average cost of 15.1 million yen per BTC. The firm says the strategy treats bitcoin as a core reserve asset, positioning it among Asia’s most prominent publicly traded adopters.
Over the recent two-month period to Sept. 1, Metaplanet reports a BTC yield of 30.7%, while its multiple to net asset value (mNAV) sits just below 2. Shares dropped about 5.5%, trading near 831 yen after the disclosure.
Why this matters: larger corporate treasuries amplify bitcoin’s link to company balance sheets and can influence investor sentiment and stock performance. Metaplanet’s move highlights growing institutional and corporate adoption in Asia, but it also concentrates price and regulatory risk on the company’s books.
Risk considerations: Holding bitcoin as a reserve exposes firms to steep price swings, custody and operational risk, and potential regulatory shifts. Investors and stakeholders should weigh these factors alongside any strategic upside from bitcoin exposure.
Source: CoinDesk. Read the original coverage for full details.