Japanese investment giant Metaplanet has wasted no time taking advantage of Bitcoin’s latest pullback, scooping up 463 BTC on Monday for roughly 8 billion yen ($53.7 million).
The purchase, made at an average price of about $115,895 per coin, cements Metaplanet’s role as one of the most aggressive corporate Bitcoin accumulators in the world.
With this latest acquisition, the company’s total stash has grown to 17,595 BTC — worth over $2 billion at current market prices — securing its spot as the seventh-largest public holder of Bitcoin globally.
First Mover in August’s Corporate Buying Spree
Metaplanet is the first public company to confirm a BTC buy in August, coming just after a blockbuster week for corporate crypto accumulation. In the final week of July, at least 16 firms collectively added more than $7.8 billion in digital assets to their balance sheets, according to market data.
However, despite strong July inflows into U.S. spot Bitcoin ETFs, the start of August saw one of the largest daily outflows on record, with $812.3 million leaving the products.
Marching Toward a Bold 2027 Target
CEO Simon Gerovich has made no secret of Metaplanet’s endgame — to own 210,000 BTC by the close of 2027, representing 1% of Bitcoin’s capped 21 million supply. After Monday’s purchase, the firm is now 8.4% of the way toward that goal.
Following Saylor’s Playbook
Metaplanet’s accumulation strategy closely mirrors that of Michael Saylor’s Strategy, the corporate Bitcoin giant with over 628,000 BTC. Just days before its latest buy, Metaplanet announced plans to issue approximately $3.73 billion in perpetual preferred shares — a capital-raising tactic Strategy has used to fund massive BTC purchases without issuing more common stock or taking on debt.
The new preferred shares could offer investors up to a 6% annual dividend, depending on market conditions and demand.
More Companies Join the Bitcoin Balance Sheet Club
Metaplanet currently ranks behind Strategy, Mara Holdings, XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media in total BTC holdings. But the broader trend is undeniable — the number of public companies with Bitcoin on their books has surged from 112 in late May to 162 today.
With more corporate players entering the race and strategies becoming increasingly sophisticated, the competition to corner scarce BTC supply is heating up fast.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/metaplanet-buys-the-dip-with-53-7m-bitcoin-purchase/