Metaplanet Inc. has expanded its Bitcoin holdings by acquiring an additional 136 BTC for approximately $15.2 million, pushing its total to 20,136 BTC. This latest purchase is part of the firm’s ambitious strategy to accumulate a total of 30,000 BTC by the end of 2025 and reach an impressive 100,000 BTC by 2026.
According to a recent filing, Metaplanet paid an average price of $111,666 (¥16.55 million) per Bitcoin in this last acquisition. This brings the company’s total Bitcoin investment to around $2.08 billion, with an average purchase price of $103,196 (¥15.1 million) per coin, solidifying its position as the sixth-largest public corporate holder of Bitcoin globally.
With the current holdings, Metaplanet has achieved approximately 67% of its stated target for 2025 and 20% of its goal for 2026. To meet its ambitious timeline, the company will need to acquire nearly 10,000 more BTC by the end of 2025, as well as an additional 70,000 BTC by the end of 2026. This represents a significant increase from the firm’s original strategy, which aimed for just 10,000 BTC by 2025 and 21,000 BTC by 2026.
Industry analysts, such as Pranav Agarwal, an independent director at Jetking Infotrain India, have remarked that Metaplanet appears to be on track with its targets, especially with four months remaining in the year. However, he cautioned that the firm’s progress might be impeded by fluctuations in Bitcoin’s market price, particularly if it draws near the company’s Net Asset Value (NAV).
Agarwal noted that Bitcoin treasury companies have collectively acquired over a million BTC, roughly 5% of the circulating supply. Continued buying could create a robust support mechanism for Bitcoin prices. However, he emphasized that significant price increases could lead to selling pressures if fresh supply enters the market.
He also highlighted that Metaplanet has been prudent in managing its financial risks, particularly through structured debt obligations that remain low compared to its overall Bitcoin exposure and NAV. To further secure its financial footing, Metaplanet recently obtained shareholder approval for an $884 million capital raising proposal aimed at alleviating financing challenges.
This balanced approach, which includes a combination of equity issuance and a debt program, positions Metaplanet to avoid any forced liquidation scenarios in the near future. Despite facing challenges, including a significant decline in its stock—which peaked in 2025 at $13.2 (¥1,930) but has since dropped approximately 65% to about $4.60 (¥680)—the company is navigating its path in the volatile cryptocurrency market. The stock has seen a decline of $0.20 (¥29), or 4.1%, in recent trading sessions, according to Google Finance.
