Metaplanet Snaps Up Bitcoin After Price Drop

Japanese firm Metaplanet buys 463 BTC worth $53.7M, aiming for 210,000 BTC by 2027. Now the 7th-largest public Bitcoin holder globally.

First public Bitcoin purchase in August

On August 5, Japanese investment firm Metaplanet bought 463 Bitcoin during the market dip. It was the first public company to act on August’s 5% price decline. The total investment amounted to 8 billion yen (~$53.7 million), with an average purchase price of $115,895 per coin.

This boosted Metaplanet’s total Bitcoin holdings to 17,595 BTC — now worth over $2 billion. The company remains the world’s seventh-largest public holder of Bitcoin.

Long-term accumulation despite macro risks

Despite global economic uncertainties, Metaplanet stays committed to its strategy. The company has already reached 8.4% of its ambitious goal: 210,000 BTC by 2027. That’s 1% of Bitcoin’s total supply.

Last week of July saw over $7.8 billion in corporate crypto buys. But August started with a record $812.3 million outflow from US spot Bitcoin ETFs.

Copying Saylor’s strategy with preferred shares

Metaplanet also mirrors Michael Saylor’s Strategy by issuing ¥3.73 billion ($3.73 billion) worth of perpetual preferred stock. This allows Bitcoin purchases without diluting shareholder equity or increasing debt.

These shares may offer up to a 6% annual yield, depending on market conditions and investor interest.

According to BitcoinTreasuries.NET, Metaplanet still trails Strategy, MARA Holdings, XXI, Bitcoin Standard Treasury, Riot Platforms, and Trump Media in BTC volume. Still, the number of public companies holding Bitcoin surged from 112 to 162 since late May.