Metaplanet boosts Bitcoin stash with 775 BTC buy

Metaplanet has once again strengthened its position in Bitcoin, continuing its aggressive accumulation strategy with a significant new purchase.

In a disclosure filed on August 18, the company revealed that it acquired an additional 775 BTC, valued at approximately $93 million. The coins were purchased at an average price of $120,006 per Bitcoin, lifting Metaplanet’s total holdings to 18,888 BTC, worth around $1.94 billion at current market levels.

The purchase further boosted the firm’s internal performance metric known as BTC Yield, which tracks Bitcoin per fully diluted share growth. Year-to-date, BTC Yield now stands at 480%, with a 29.3% increase in the latest quarter alone.

CEO Simon Gerovich reaffirmed the company’s conviction in its Bitcoin-focused strategy. “18,888 BTC. Onward and upward,” he wrote in a brief but pointed post on X, signaling that additional acquisitions remain on the horizon.

Strategic Roadmap Toward 1% of Total Supply

Metaplanet has set one of the most ambitious Bitcoin goals in the corporate world: to acquire 210,000 BTC by 2027, representing roughly 1% of Bitcoin’s fixed 21 million supply.

To reach this milestone, the firm has been steadily ramping up purchases in 2025. In Q3 alone, it has added 5,556 BTC, financed through a combination of equity offerings, debt instruments, and proceeds from exercised stock acquisition rights.

Earlier in August, Metaplanet announced a bold financing plan to support even larger buys. It filed to raise 555 billion yen ($3.8 billion) over the next two years by issuing two classes of Bitcoin-backed preferred shares. This capital-raising effort, if successful, will give the company the firepower to accelerate its path toward triple-digit BTC holdings.

In the short term, Metaplanet aims to reach 30,000 BTC by the end of 2025, followed by 100,000 BTC in 2026. With the latest purchase, the company remains 11,112 BTC short of its year-end goal, meaning it will need to sustain or even increase its current accumulation pace over the next six months.

Market Context: Bitcoin Pulls Back From Record Highs

Metaplanet’s buying spree comes as Bitcoin itself undergoes a period of volatility. At the time of reporting, the world’s largest cryptocurrency trades around $115,436, marking a 2.3% daily drop and a 5.4% decline over the past week. This follows last week’s surge above $124,000, which set a new all-time high before profit-taking cooled the rally.

Despite the pullback, Metaplanet’s strategy underscores its long-term conviction that Bitcoin remains a superior store of value. By tying its corporate growth to Bitcoin accumulation, the firm has positioned itself as one of the most aggressive institutional players in the digital asset space—potentially reshaping how traditional companies approach treasury management in the years to come.