Japan’s Metaplanet Ups Bitcoin Stash To 15,555 BTC, Rakes Up Another 2,205 BTC

Japan’s largest corporate Bitcoin treasury, Metaplanet, has amassed an additional 2,205 Bitcoin, per a new disclosure on Monday.

Metaplanet bought the Bitcoin for an average purchase price of around $108,237 per BTC for a total spend of $238.7 million as it continues its aggressive acquisition spree.

Metaplanet’s latest investment brings its total Bitcoin holdings to 15,555 BTC, worth approximately $1.69 billion based on current market prices, securing its position as Asia’s most audacious corporate Bitcoin adopter. At the time of writing, Bitcoin traded at $108,717, having risen by a paltry 0.7% over the last 24 hours.

According to data tracked by BitcoinTreasuries.NET, the Tokyo-listed investment company now ranks as the fifth biggest corporate holder of the world’s largest crypto after recently overtaking Tesla, CleanSpark, and Galaxy Digital. Metaplanet is only trailing behind large crypto firms, such as MARA, Riot, and Strategy.

Metaplanet, which rebranded in 2024 from a hotel and technology firm to a dedicated Bitcoin treasury, recently announced that it is looking to accumulate 210,000 BTC, or about 1% of the 21 million supply, by 2027 as it aims to become one of the world’s largest Bitcoin Treasury companies.

The firm’s latest BTC buy comes at a time when more companies are looking to invest in the benchmark crypto, partly as a way of boosting their share prices. Over 142 publicly traded firms hold Bitcoin on their balance sheets as of publication time. They have raked up a combined $92 billion of the alpha crypto, with Michael Saylor’s software firm Strategy’s stockpile roughly two-thirds of that amount. 

Strategy currently holds over $64 billion worth of Bitcoin. It began buying the world’s oldest cryptocurrency in 2020, pioneering the model that has recently become widely adopted.