Metaplanet has quietly added 463 more Bitcoin to its vault. The Tokyo-listed company made the purchase on August 4, lifting its total holdings to 17,595 BTC. It’s a clear sign that the firm is still all-in on its late-2024 shift to treat Bitcoin as a core business.
Across every buy so far, the company’s average cost sits at ¥14.85 million ($101,010) per BTC, so it’s sitting on a nice paper gain for now.
It also reports “BTC Gain” and “BTC ¥ Gain” to show how much value its Bitcoin stash has added for investors in both coins and yen.
This past Friday, Metaplanet filed to raise up to ¥555 billion ($3.6 billion) through new perpetual preferred stock.
The proposal includes upping its authorized share count to 2.72 billion and creating two classes of preferred shares with different risk and conversion terms.
The goal is simple: give the company more ways to pull in cash for future BTC buys.
METAPLANET BUYS 463 MORE BITCOIN WORTH $53M — TOTAL HOLDINGS NOW 17,595 BTC (~$2B)
Since December 2024, Metaplanet has tapped equity offerings, bond redemptions and warrant exercises to fund its Bitcoin spree. A flurry of share issuances in July helped bankroll the recent 463-coin purchase.
Rather than chase dividends, Metaplanet focuses on per-share Bitcoin growth. As of early August, each 1,000 fully diluted shares represents 0.0201 BTC, up from 0.0161 at the end of June. That gradual lift shows how much more Bitcoin each share holds over time.
The payoff could be huge if prices keep climbing—but a sudden drop would sting its figures just as badly.
Featured image from UEEx, chart from TradingView
