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Finance

Metaplanet’s $3 Billion Bitcoin Bet: Can This Corporate Strategy Outpace Stock Market Pressure?

Metaplanet bought $633M Bitcoin, now holding $3B. Stock down despite Bitcoin gains. Plans to expand Bitcoin holdings.

byAndres Castro

September 22, 2025, 9:18 AM

Executive Summary

Metaplanet has become the world’s fifth-largest corporate holder of Bitcoin after acquiring 5,419 BTC, bringing its total treasury to 25,555 BTC, valued at nearly $3 billion.

Despite its Bitcoin holdings growing to almost $3 billion, Metaplanet’s stock has declined by over 30% in the past month, trading significantly below its all-time high.

Metaplanet is committed to an aggressive Bitcoin growth strategy, establishing new subsidiaries (Metaplanet Income Corp and Bitcoin Japan Inc.) and planning a $1.44 billion share issuance to further expand its Bitcoin holdings and related ventures.

The Story So Far

Metaplanet has adopted an aggressive long-term strategy of accumulating Bitcoin, making it a core component of its business model and funding these substantial acquisitions through various fundraising methods, including significant share issuances. This strategy is currently under pressure as the company’s stock performance has not mirrored the substantial growth in its Bitcoin holdings, impacting its ability to raise capital.

Why This Matters

Metaplanet’s aggressive accumulation of Bitcoin, solidifying its position as the fifth-largest corporate holder, signals a profound long-term commitment to the digital asset as a core business strategy despite its own stock facing short-term pressure. This strategy, underscored by establishing new subsidiaries and issuing shares to fund further Bitcoin acquisitions, demonstrates a bold bet on the continued growth and mainstream integration of Bitcoin, potentially influencing other corporate treasuries to consider similar shifts while highlighting the current market’s mixed reaction to such a concentrated crypto bet.

Who Thinks What?

Metaplanet’s management is committed to an aggressive growth strategy, continuing to expand its Bitcoin holdings and integrate the digital asset into its core business model, viewing it as a long-term bet despite internal stock pressure.

The stock market and investors appear to be placing Metaplanet’s shares under considerable pressure, with the stock declining significantly over the past month, despite the substantial growth in the value of its Bitcoin holdings.

Japan-based Metaplanet has solidified its position as the world’s fifth-largest corporate holder of Bitcoin after a significant purchase of 5,419 BTC, bringing its total treasury to 25,555 BTC, valued at nearly $3 billion. The strategic acquisition, announced Monday, was made at an average price of 17,281,012 Japanese yen, equating to approximately $117,000 per Bitcoin.

The latest $633 million investment pushes Metaplanet’s total Bitcoin holdings to a substantial sum, placing it among the top global corporate treasuries for the digital asset, according to data from BitcoinTreasuries.NET. While the purchase price of this recent tranche puts the investment at a slight loss of nearly 3.9% at the time of writing, with Bitcoin trading around $112,500, the company’s overall Bitcoin yield has reached 10.3% between July 1 and September 22.

Stock Performance and Bitcoin Value

Despite the significant growth in the value of its Bitcoin holdings, which have risen from $2.1 billion a month ago to almost $3 billion, Metaplanet’s stock has not mirrored this upward trajectory. Shares of Metaplanet saw a 3.8% increase on Monday, yet they remain under considerable pressure.

Over the past month, the company’s stock has declined by more than 30%, according to Google Finance, trading at $4.09 on Monday. Although the stock is up nearly 78% year-to-date, it is still trading well below its all-time high of $15.35 recorded on May 21.

Strategic Expansion Amidst Pressure

Metaplanet is navigating mounting pressure from its tumbling share price, which impacts the fundraising model it has utilized to build its substantial Bitcoin treasury. Despite these challenges, the company appears committed to an aggressive growth strategy and further expansion of its Bitcoin holdings.

Earlier this month, Metaplanet announced the establishment of Metaplanet Income Corp, a wholly owned U.S. subsidiary based in Miami, with an initial capital of $15 million. Concurrently, the firm unveiled Bitcoin Japan Inc., a new entity designed to bolster its domestic Bitcoin-related operations.

Further demonstrating its commitment to Bitcoin, Metaplanet also announced plans to issue 385 million new shares at a discount of nearly 10%. This initiative is expected to raise an estimated $1.44 billion, which will be allocated towards expanding its Bitcoin holdings and related business ventures.

Key Takeaways

Metaplanet continues its assertive strategy of accumulating Bitcoin, solidifying its position as a major corporate holder despite fluctuations in its own stock performance. The company’s recent strategic moves, including new subsidiaries and a significant share issuance, underscore its long-term bet on the continued growth and integration of Bitcoin into its core business model.