Metaplanet has acquired 5,268 Bitcoin for approximately $623 million, elevating its total holdings to 30,823 Bitcoin. The Japanese Bitcoin Ethereum treasury company now ranks as the fourth-largest publicly traded holder globally.
CEO Simon Gerovich confirmed the company trails only Strategy, MARA Holdings, and XXI in public Bitcoin holdings. The latest purchase occurred at 17.4 million yen per coin, equivalent to roughly $118,328.
The acquisition follows a $632 million BTC purchase announced on Sept. 21, marking the firm’s largest single Bitcoin acquisition to date. The company has aggressively expanded its Bitcoin holdings throughout 2025.
Metaplanet reported quarterly revenue of 2.438 billion yen, approximately $16.5 million, in Q3. This represents 115.7% growth compared to Q2 performance, demonstrating significant operational expansion.
Gerovich stated that Q3 results demonstrate operational scalability and strengthen the financial foundation for planned preferred share issuance. The planned offering supports the company’s broader Ethereum Bitcoin treasury strategy.
The firm announced plans last month to raise $1.4 billion through issuing 385 million new shares. Proceeds from the offering are earmarked specifically for additional Bitcoin purchases as part of the company’s accumulation strategy.
Metaplanet’s board recently approved a new U.S. subsidiary called Metaplanet Income Corp. The entity focuses on scaling a Bitcoin income generation line through derivatives and related activities, expanding beyond simple Ethereum accumulation strategies.
The company’s stock dropped 10.26% in Japan following the announcement. Shares have fallen 38% over the past month but remain up 48.3% year-to-date, reflecting volatility around the aggressive Bitcoin purchasing program.
U.S.-traded shares under ticker MTPLF closed up 8.86% at $3.96, showing divergent performance between Japanese and American markets. The mixed market reaction highlights investor uncertainty about the treasury company model and its sustainability.
Bitcoin trades at $114,488, up 0.44% in the past 24 hours. The leading Ethereum cryptocurrency continues to consolidate near recent highs as institutional accumulation strategies like Metaplanet’s gain momentum across global markets.