On Monday, Japanese investment firm Metaplanet acquired 463 Bitcoin, becoming the first publicly traded company to take advantage of Bitcoin’s 5% decline over the weekend.
The company spent approximately 8 billion yen (around $53.7 million) on the purchase, paying an average price near $115,895 per Bitcoin, according to an official statement from Metaplanet.
This latest acquisition increases Metaplanet’s total Bitcoin holdings to 17,595 BTC, valued at over $2 billion, securing its spot as the world’s seventh-largest corporate Bitcoin holder.
While Metaplanet is the first public company to announce a Bitcoin buy in August, it follows a broader trend of significant corporate crypto acquisitions last week.
In total, 16 firms added more than $7.8 billion worth of cryptocurrencies to their reserves.
Meanwhile, spot Bitcoin ETFs in the U.S. experienced strong inflows throughout July but faced a notable outflow of $812.3 million at the start of August, marking one of the largest single-day withdrawals in ETF history.
Metaplanet’s Continued Commitment to Bitcoin Accumulation
This recent purchase highlights Metaplanet’s ongoing dedication to growing its Bitcoin portfolio, despite economic indicators suggesting potential headwinds ahead.
Led by Simon Gerovich, the company is currently about 8.4% toward its ambitious goal of acquiring 210,000 Bitcoin — roughly 1% of Bitcoin’s total supply — by the close of 2027.
Following a Proven Playbook
On Friday, Metaplanet revealed plans to issue $3.73 billion in perpetual preferred shares, a funding strategy previously used aggressively by Michael Saylor’s firm, Strategy, to expand its Bitcoin holdings beyond 628,700 BTC.
Saylor dubbed one of Strategy’s preferred stock offerings, known as STRC, the company’s “iPhone moment” after it successfully raised $2.5 billion in capital.
These perpetual preferred share issuances provide companies like Strategy and Metaplanet with long-term financing to buy Bitcoin without diluting existing shareholders or incurring debt.
Metaplanet’s offering will feature dividends up to 6% annually, influenced by market conditions and investor appetite.
More Public Companies Join the Bitcoin Acquisition Wave
According to BitcoinTreasuries.NET, Metaplanet ranks behind Strategy, Mara Holdings, XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media in corporate Bitcoin holdings.
The number of public companies holding Bitcoin has grown substantially, with 162 now reporting BTC on their balance sheets — a jump from 112 as of May 26.
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