Fueled by 115% Revenue Surge, Metaplanet Bolsters Bitcoin Treasury with $620M Buy
A soaring operational performance is directly funding Metaplanet‘s ambitious Bitcoin strategy. After reporting a 115.7% quarter-over-quarter revenue growth, the Japanese firm has deployed 91.6 billion yen ($623 million) to purchase 5,268 BTC.
This acquisition raises its total holdings to 30,823 BTC, cementing its status as the fourth-largest public company holder of Bitcoin worldwide.
CEO Simon Gerovich explicitly connected the company’s strong Q3 financials to its crypto ambitions. “Q3 results demonstrate operational scalability and strengthen the financial foundation for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy,” he stated. The latest purchase, made at about $118,328 per Bitcoin, follows closely on the heels of its largest-ever acquisition announced in September.
