Japanese investment firm Metaplanet, listed on the Tokyo Stock Exchange, has announced [1] the purchase of 5,419 BTC Bitcoins worth approximately $632.5 million (¥1.728 billion per coin). With this acquisition, the company has climbed to fifth place among the world’s largest publicly traded Bitcoin holders.

The company’s total Bitcoins portfolio now stands at [2] 25,555 BTC , with an average purchase price of $106,065 per BTC/coin and a market value of around $2.91 billion. The purchase was financed primarily through a recent $1.45 billion international stock offering.

“This is only the first step in our plan,” wrote [3] Dylan LeClair, Metaplanet’s Director of Bitcoin Strategy, on X. According to Bitcoin Treasuries data [4], the company has now surpassed Bullish, with only Strategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company ahead in the rankings.

Target: 30,000 BTC by the end of 2025, 100,000 BTC by 2026

The new acquisition brings Metaplanet closer to its goal—by September 22, 2025, the company already holds 85.2% of its planned 30,000 BTC for year-end 2025, and one-quarter of its long-term target of 100,000 BTC by 2026.

“This business has become our growth engine, generating stable revenues and net profits,” said [5] company president Simon Gerovich last week, noting that Bitcoin treasury management was officially integrated as a standalone business line in December 2024.

Profits and new subsidiaries

Metaplanet also reported [6] significant gains from its Bitcoin operations. In the first quarter of 2025, its Bitcoin profitsrose 95.6%, followed by 129.4% in the second quarter. From early July to September 22, the company recorded an additional 10.3% increase.

In addition, the firm has established [7] a new subsidiary, Metaplanet Income Corp., headquartered in Miami with $15 million in capital. The new entity will focus on derivatives trading, keeping it separate from the management of the company’s Bitcoin reserves.

Sources:

[1] https://www.theblock.co/post/371544/metaplanet-buys-5419-bitcoin

[2] https://contents.xj-storage.jp/xcontents/33500/196a6538/f233/41d3/bc04/0634f13cf7e6/140120250922560689.pdf

[3] https://x.com/DylanLeClair_/status/1969974632267612169

[4] https://bitcointreasuries.net

[5] https://x.com/gerovich/status/1968653447412203947

[6] https://metaplanet.jp/en/analytics

[7] https://decrypt.co/339922/metaplanet-stock-slides-japanese-bitcoin-treasury-miami