Metaplanet Expands Bitcoin Reserves with $61M Purchase, Now Holds Over 18,000 BTC

Metaplanet, a Tokyo-listed bitcoin treasury company, has strengthened its cryptocurrency portfolio with the purchase of an additional 518 BTC worth about $61.4 million. The acquisition, announced Tuesday, was made at an average price of roughly $118,519 per bitcoin.

This latest move pushes Metaplanet’s total bitcoin holdings to 18,113 BTC, valued at $1.85 billion based on acquisition prices. The company’s average purchase cost across all holdings now stands at $101,911 per bitcoin, according to CEO Simon Gerovich.

The purchase comes shortly after Metaplanet revealed plans to raise as much as 555 billion yen ($3.7 billion) through the issuance of perpetual preferred shares. The fundraising is aimed at supporting the company’s ongoing bitcoin accumulation strategy, which has positioned it among the largest corporate holders of the cryptocurrency.

Globally, Metaplanet ranks sixth in total bitcoin holdings, behind major players such as Strategy (led by Michael Saylor), MARA, XXI, Bitcoin Standard Treasury Company, and Riot. Strategy recently added another 155 BTC for about $18 million, bringing its holdings to a massive 628,946 BTC.

At the time of Metaplanet’s announcement, bitcoin was trading at $118,883 — down 2.4% in the past 24 hours but still up 4% over the past week. Despite the long-term gains in both bitcoin and the company’s stock this year, Metaplanet shares slipped 1.6% on Tuesday and are down 37% over the past month. Even so, they remain up 183% year-to-date.

Metaplanet’s latest purchase underscores its continued commitment to bitcoin as a core treasury asset, signaling that the company remains undeterred by short-term market fluctuations.