Metaplanet just added 136 more Bitcoin worth $15.2 million, pushing its total BTC stash to 20,136 as it races toward a bold 100,000 BTC target by 2026.
Key Takeaways
- Metaplanet acquired 136 BTC for $15.2 million at an average price of $111,666 per coin.
- The company now holds 20,136 BTC, valued at over $2.08 billion, with an average acquisition cost of $103,196.
- It has revised its long-term target to 100,000 BTC by 2026, a massive jump from the original 21,000 goal.
- Despite a 487% BTC yield in 2025, Metaplanet’s stock has dropped nearly 65% from its peak earlier this year.
What Happened?
Japanese investment firm Metaplanet announced another major Bitcoin buy, scooping up 136 BTC for about $15.2 million. This brings its total holdings to 20,136 BTC, making it the sixth-largest corporate Bitcoin holder in the world. The company is pushing forward aggressively with its updated targets of 30,000 BTC by year-end 2025 and 100,000 BTC by 2026.
Metaplanet has acquired 136 BTC for ~$15.2 million at ~$111,666 per bitcoin and has achieved BTC Yield of 487% YTD 2025. As of 9/8/2025, we hold 20,136 $BTC acquired for ~$2.08 billion at ~$103,196 per bitcoin. $MTPLF pic.twitter.com/nwEAv0NzQq
— Simon Gerovich (@gerovich) September 8, 2025
Metaplanet’s Bold Bitcoin Strategy
Metaplanet has been rapidly accumulating Bitcoin throughout 2025. Just one week prior to its latest purchase, it acquired 1,009 BTC, bringing it past the 20,000 mark. The pace of acquisition significantly accelerated from just above 12,000 BTC at the end of June to over 20,000 by early September.
- Average cost of acquisition: $103,196 per BTC
- Total investment: $2.08 billion
- Yield Year-to-Date: 487% BTC yield in 2025
The firm uses “BTC Yield” as a measure to assess the effectiveness of its crypto strategy, which it claims is designed to enhance shareholder value.
Climbing the Global Ranks
Metaplanet now ranks sixth globally in terms of Bitcoin holdings among public companies, behind Strategy (636,505 BTC), Mara, XXI, Bitcoin Standard Treasury Company, and Bullish. However, it was recently overtaken by Bullish, which holds around 24,000 BTC.
Despite the impressive growth, Metaplanet still has a long way to go to reach its newly updated target of 100,000 BTC by 2026, which is nearly five times higher than its original plan.
- 67% of its 2025 target (30,000 BTC) achieved
- 20% of its 2026 target (100,000 BTC) achieved
Share Price Slide Amid Bitcoin Buying
Even with the strong Bitcoin yield, the company’s stock performance has struggled. Metaplanet’s Tokyo-listed shares fell 2.3% on the day of the latest purchase. Over the past month, shares are down 30%, and since the year’s peak, the drop totals nearly 65%.
Key stock figures:
- Current price: around $4.60 (¥682)
- Peak price in 2025: $13.20 (¥1,930)
- Market signals: bearish RSI, “death cross” pattern, critical support broken.
Market analysts are cautious. Critics argue that high exposure to Bitcoin volatility could hurt shareholder value in the short term. Thomas Fecker-Boxler, Interim CEO of the Web3 Foundation, emphasized that “sustainability will depend on leverage and balance sheet structure, not just bullish sentiment.”
Managing Risk and Funding Growth
Despite concerns, Metaplanet appears to be managing its financial position responsibly. The company recently secured shareholder approval for an $884 million capital raise. According to independent director Pranav Agarwal, the firm’s low structured debt and strong BTC NAV mean it’s unlikely to face a forced liquidation scenario.
He added that Metaplanet is on track to meet its 2025 target, with four months still remaining in the year.
CoinLaw’s Takeaway
I’ve seen plenty of crypto firms ride the Bitcoin wave, but Metaplanet’s strategy stands out for its sheer scale and speed. From 12,000 BTC in June to over 20,000 now, they are clearly not just dipping a toe in. What impresses me even more is the way they’ve doubled down with a long-term vision to hit 100,000 BTC. But there’s a flip side. That kind of aggressive strategy comes with major risks, and we’re already seeing that in their share price. In my experience, it’s not just about how much Bitcoin a company holds, but how well it navigates market turbulence. This story is far from over, and it’s one I’ll be watching closely.
