Expanding Bitcoin Treasury
Metaplanet Inc., the Tokyo-listed firm that pivoted from hotels to Bitcoin, has added another 136 BTC to its growing treasury. The latest buy, worth about $15.2 million, pushes its total holdings to roughly 20,136 BTC, valued between $2.05 and $2.08 billion.
The company paid an average of around $111,700 per coin in this round, while its overall average cost sits near $103,200 per BTC.
This latest accumulation cements Metaplanet as the sixth-largest publicly traded corporate Bitcoin holder, ranking just behind industry leader Strategy (formerly MicroStrategy).
Bold Targets for 2025 and Beyond
Metaplanet has already secured about two-thirds of its 30,000 BTC goal for 2025. Looking further ahead, management raised its 2026 target from 21,000 BTC to an ambitious 100,000 BTC. By 2027, it aims to control as much as 210,000 BTC—mirroring the aggressive approach pioneered by Michael Saylor’s Strategy.
To fund this plan, shareholders recently approved a major capital raise through a stock issuance worth approximately ¥130.3 billion ($884 million).
Stock Reaction and Market Sentiment
Despite the hefty Bitcoin buy, Metaplanet’s stock slipped 1–2% after the news. Analysts note, however, that this pullback could be a buying opportunity. One valuation model suggests the stock has a floor at ¥705 and a median fair value closer to ¥1,332.
The shift from hotels to Bitcoin in 2024 has already delivered staggering results, sending shares up 3,500% in a single year. With its “Bitcoin-first” strategy now firmly in place, Metaplanet continues to position itself as a rising global player in corporate Bitcoin accumulation.
