Metaplanet expands Bitcoin reserves

Metaplanet boosts its Bitcoin holdings to 18 113 BTC, signaling a deeper commitment to a Bitcoin standard treasury approach.

Metaplanet expands Bitcoin reserves to 18 113 BTC valued at $1 85B

Tokyo-based Metaplanet Inc. disclosed in a Tokyo Stock Exchange filing that it added 518 BTC on August 12, lifting its total to 18 113 BTC and valuing the stash at roughly $1.85 billion at current prices. The purchase follows earlier buys in late July and a December 2024 decision to place Bitcoin at the core of its business, underscoring a deliberate shift toward a Bitcoin standard for treasury management. The company spent 9.086 billion yen (about $61.4 million) at around 17 540 861 yen per BTC, bringing total Bitcoin expenditure to 270.364 billion yen.

In late July, Metaplanet bought 463 BTC for about $53.7 million, lifting its holdings to 17 595 BTC and contributing to a year-to-date BTC yield of over 459 percent according to its indicators. The move positions Metaplanet among the world’s largest publicly traded Bitcoin holders, ranking sixth behind Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot. The rise mirrors a broader trend as several corporate players lean toward Bitcoin as a treasury asset, a shift analysts describe as growing institutional conviction in the digital coin.

Markets reacted modestly to the news. Metaplanet’s stock briefly rose around 1 percent before retreating and finishing lower as Bitcoin slipped about 2 percent over the past 24 hours to roughly $119,000.

This string of purchases signals more than a single bet on price. It reflects a disciplined approach to crypto as a treasury tool, where firms set a long horizon to weather fiat volatility. The strategy raises questions about concentration risk and how treasuries diversify within crypto. If more firms follow, the sector could see a steady shift in corporate risk models and liquidity dynamics in the Bitcoin market.

At the same time, this trend invites accountability. Big, steady bets from multiple companies can attract regulatory scrutiny and invite closer monitoring by investors who fear overexposure or mispricing. The market response remains mixed, illustrating that corporate crypto is still a work in progress rather than a settled norm.

Highlights

The trend toward Bitcoin as a treasury tool is unlikely to fade soon