Metaplanet Acquires $623 Million in Bitcoin, Becoming Fourth-Largest Publicly Traded Bitcoin Treasury Firm

Metaplanet acquires $623 million in bitcoin, positioning itself as a major player.

Fridah Kangai
October 2, 2025
2:19 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Metaplanet buys 5,268 BTC, becoming a major bitcoin holder.
Company’s stock drops despite massive bitcoin acquisitions and revenue growth.
Metaplanet raises $1.4 billion for future Bitcoin purchases and expansion.

Metaplanet, a Japanese bitcoin treasury firm, acquired 5,268 BTC for 91.6 billion yen ($623 million) on Monday. This boosts its total holdings to 30,823 BTC. The latest purchase was made at an average price of 17.4 million yen ($118,328) per coin.

Simon Gerovich, the CEO of Metaplanet, wrote on X that this acquisition will make the company the fourth-largest publicly listed bitcoin treasury company. It is in second place after Strategy, MARA Holdings, and XXI. The recent takeover follows a $632 million acquisition of Bitcoin on September 21, marking the largest acquisition made by Metaplanet to date.

Metaplanet's Bitcoin Income Generation segment recorded ¥2.438 billion in quarterly revenue, representing quarterly growth of 115.7% from Q2 2025.
Based on Q3 performance, we have revised our FY2025 consolidated guidance:

Revenue: ¥6,800M (previous: ¥3,400M)
Operating profit:… pic.twitter.com/HtdhlBes8L
— Simon Gerovich (@gerovich) October 1, 2025

Also Read: Bit Digital Raises $100 Million to Boost Ethereum Holdings

Metaplanet Reports Strong Quarterly Performance and Expands Operations

Besides the purchase of bitcoins, Metaplanet announced a good performance in the quarter. In Q3, the company made 2.438 billion yen ($16.5 million) in revenue. This represents a 115.7% increase compared to Q2. According to Gerovich, these findings demonstrate operational scalability and strengthen the company’s financial foundation.

The good performance of Metaplanet is favourable to the issuance of Metaplanet preferred shares. This is part of the funds that will enable the company to fund the greater Bitcoin Treasury strategy. The company announced last month that it would issue 385 million new shares with the aim of raising $ 1.4 billion. These proceeds will be applied to further buying of bitcoins.

In addition, Metaplanet has formed a new subsidiary in the U.S. This subsidiary, Metaplanet Income Corp., will generate income through derivatives and other activities based on bitcoin. The action is expected to diversify the company’s revenues without compromising its focus on expanding its bitcoin holdings.

Stock Performance Faces Volatility Despite Bitcoin Growth

Although the acquisition was huge, the stock of Metaplanet declined where in Japan, it fell by 10.26% on Monday afternoon. The stock has dropped 38% in the past month but remains positive at 48.3% year-over-year. The U.S.-traded shares of Metaplanet (MTPLF) were trading at 3.96%, up by 8.86% on Tuesday.

Metaplanet’s continued focus on expanding its Bitcoin treasury strategy is evident in its recent moves. However, the firm is navigating some volatility in the market.

Also Read: Crypto Targets Major Global Markets, Disrupting Traditional Industries