Metaplanet jumps to become the world’s third-largest corporate Bitcoin holder, snapping up 5,075 BTC at once for $405 million

Metaplanet bought 5,075 bitcoins for approximately $405 million, bringing its total holdings to 40,177 BTC. It has jumped to become the world’s third-largest corporate bitcoin holder, behind only Strategy. CEO Simon Gerovich’s goal is to hold 100,000 BTC by the end of 2026; current progress is about 40%.
(Background: “Japanese MicroStrategy” Metaplanet stops stockpiling bitcoin—was it a strategic shift, or is it building up for something?)
(Additional context: Buying like crazy! MicroStrategy Strategy cuts $1.25 billion to add 13,000 bitcoins, bringing total holdings above 687,000 BTC).

Japanese-listed company Metaplanet has once again made a big addition to its bitcoin position, buying 5,075 BTC in one go, spending about $405 million, with an average purchase price of roughly $79,822.

After this transaction is completed, Metaplanet’s total holdings will be increased to 40,177 BTC, officially making it the world’s third-largest corporate bitcoin holder, just behind Michael Saylor’s Strategy (formerly MicroStrategy, which holds more than 680,000 BTC).

From “Asia’s MicroStrategy” to the global top three

Metaplanet launched its bitcoin purchase strategy in April 2024. At the time, it was still just a Japanese hotel operator. In less than two years, it has already built up from zero to more than 40,000 BTC, and its share price surged by more than 4,800% within 12 months.

CEO Simon Gerovich previously set a goal to hold 100,000 BTC by the end of 2026; its longer-term target is 210,000 BTC by 2027 (about 1% of the total bitcoin supply). With 40,177 BTC already achieved, it has completed about 40% of its annual target.

Metaplanet’s purchase funding mainly comes from capital increases and debt instruments. The company previously set up a $500 million credit facility and also generated additional returns through methods such as selling bitcoin put options.

The corporate bitcoin hoarding race is led by Strategy

Global corporate bitcoin holdings are currently far ahead in ranking by Michael Saylor’s Strategy, which holds more than 680,000 BTC. Metaplanet’s 40,177 BTC places it in third place, showing that the “corporate bitcoin hoarding” trend is no longer exclusive to U.S. companies.