TL;DR
- Bitcoin Treasury: Metaplanet added 5,268 BTC worth $616 million, lifting total holdings to 30,823 BTC and securing the 4th‑largest corporate Bitcoin treasury worldwide.
- Financial Growth: Q3 revenue from its Bitcoin unit jumped 115.7% to $16.5 million, leading the company to double its full‑year forecast and raise profit guidance significantly.
- Institutional Support: Capital Group took an 11.45% stake, joined by Vanguard, JPMorgan, and others, signaling strong institutional backing for Metaplanet’s Bitcoin strategy.
Japanese investment firm Metaplanet has strengthened its position as one of the largest corporate Bitcoin holders, announcing the purchase of 5,268 BTC on October 1. The acquisition, valued at approximately $616 million, lifted the company’s total holdings to 30,823 BTC, making it the fourth-largest publicly traded Bitcoin treasury worldwide. The move follows a $632 million purchase of 5,419 BTC in late September, underscoring the firm’s aggressive accumulation strategy.
https://twitter.com/Metaplanet_JP/status/1973279948644425806
Surpassing Strategic Targets
Metaplanet initially set a goal of 10,000 BTC by the end of 2025, later revising it to 30,000 BTC. With its latest acquisitions, the company has already exceeded that milestone ahead of schedule. The holdings were secured at an average cost of $107,912 per coin, reflecting a significant commitment to Bitcoin as a core treasury asset. The firm’s strategy now places it ahead of Bitcoin Standard Treasury in global rankings, trailing only Strategy, MARA Holdings, and XXI.
Revenue Growth and Forecast Upgrades
Alongside its expanding Bitcoin reserves, Metaplanet reported strong financial performance. Its Bitcoin Income Generation unit delivered ¥2.44 billion ($16.5 million) in Q3 revenue, marking a 115.7% increase from the prior quarter. Riding this momentum, management doubled its full-year revenue forecast from ¥3.4 billion ($23 million) to ¥6.8 billion ($46 million). Operating profit projections were also raised by 88%, from ¥2.5 billion ($17 million) to ¥4.7 billion ($32 million).
Institutional Backing Strengthens
The company’s bold strategy has attracted major institutional investors. Capital Group, a US asset manager overseeing $2.6 trillion, recently became Metaplanet’s largest shareholder with an 11.45% stake valued at roughly $500 million. Other top investors include Vanguard, JPMorgan, Citigroup, and State Street, signaling growing confidence in Metaplanet’s Bitcoin-focused approach.
Market Impact and Future Plans
Despite its treasury expansion, Metaplanet’s stock has faced volatility, falling over 10% on the day of the announcement and nearly 38% in the past month. Still, shares remain up more than 44% year-to-date. CEO Simon Gerovich emphasized that Q3 results highlight operational scalability and reinforce the financial foundation for upcoming preferred share issuances, which will further support the company’s Bitcoin strategy.
