Japan’s Metaplanet has expanded its Bitcoin treasury once again, purchasing another 103 BTC this week in a move that signals growing conviction in the asset amid a weakening yen.
The timing of the acquisition coincided with Michael Saylor hinting that his own firm, Strategy, could soon return to the market with yet another buy.
A Strategic $11.6M Addition
The latest filing from Metaplanet confirmed the purchase of 103 BTC at an average cost of $113,491 per coin, totaling ¥1.74 billion ($11.6 million). This pushes the company’s overall position to 18,991 BTC, worth roughly $1.95 billion, with an average purchase price of $102,712.
Metaplanet’s decision arrived just days after Strategy announced a 430-BTC buy worth $51.4 million, adding to its vast stash of 629,376 BTC — nearly 3% of all Bitcoin in circulation. Saylor, who posted “Bitcoin is on Sale” alongside the company’s purchase chart, is widely seen as preparing for another accumulation.
Rising Among Public Bitcoin Holders
With this latest move, Metaplanet has climbed to seventh place on the list of publicly traded companies holding Bitcoin, according to Bitcoin Treasuries. It now sits just behind Riot Platforms and Peter Thiel-backed Bullish.
The firm’s aggressive strategy has paid off handsomely. Its Bitcoin position has generated returns of nearly 480%, far outpacing Japan’s broader equity market. Quarterly results reflect strong timing: a 95.6% yield in Q1 2025, 129.4% in Q2, and 29.1% from July through late August.
Market Impact and Investor Sentiment
News of the acquisition sent Metaplanet’s shares up more than 4% to 878 yen, extending a strong run for the stock. Bitcoin itself, however, remained largely stable, hovering near $112,000 after briefly slipping to $110,000 over the weekend.
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Source: https://coindoo.com/metaplanet-scoops-up-more-bitcoin-now-among-top-holders-worldwide/