Metaplanet Spends $54M on Bitcoin, Plans $3.7B Fundraising for More
Metaplanet has boosted its Bitcoin treasury by 463 BTC ($53.7 million), reinforcing its commitment to the cryptocurrency as a core asset.
The Tokyo-based firm disclosed an average purchase price of $115,895 per BTC, bringing its total holdings to 17,595 BTC—worth $1.78 billion at an average cost basis of $101,422.
Just days before this purchase, Metaplanet announced plans to raise up to ¥555 billion ($3.7 billion) through perpetual preferred shares to fuel further Bitcoin buys.
“Growing Bitcoin per share is our priority,” said CEO Simon Gerovich. “This capital-raising tool ensures we stay competitive in the corporate Bitcoin race.”
The company now sits seventh in global corporate Bitcoin holdings, trailing giants like MicroStrategy and Marathon Digital.
