Metaplanet's Bitcoin Bet: Japanese Firm Amasses $1.7 Billion in BTC, Aims for 1% of Global Supply

Japanese investment company Metaplanet has greatly improved its corporate Bitcoin presence by acquiring 2,205 more BTC for $238. 7 million, averaging $108,237 per Bitcoin. With this acquisition, Metaplanet becomes the fifth-largest corporate Bitcoin holder in the world—now ahead of Cleanspark Inc. and Galaxy Digital—with 15,555 BTC valued at nearly $1. 7 billion.

In recent months, the corporation has sped up its Bitcoin acquisition plan by making several significant buys: 1,112 BTC for $117 million on June 16; 1,111 BTC for $118 million in late June; and 1,234 BTC for $133 million on June 26. Metaplanet backs these acquisitions through stock and bond issues, including a recent $210 million zero-coupon bond and a $190 million bond series.

By 2027, Metaplanet aims to reach 30,000 BTC and gather 210,000 BTC, or one percent of all Bitcoin in circulation. This sequence of acquisitions and high goals emphasizes the company's long-term commitment to Bitcoin, so establishing it as a major player and trend-setter in the corporate digital asset environment.