Metaplanet Boosts Bitcoin Holdings to 20,000 BTC with $110M Acquisition

Japanese firm Metaplanet has expanded its bitcoin reserves to 20,000 BTC after purchasing 1,009 BTC this week. The acquisition, valued at approximately $110 million, reflects the company’s continued drive to strengthen its crypto treasury.

*Metaplanet Acquires Additional 1,009 $BTC, Total Holdings Reach 20,000 BTC* pic.twitter.com/kwvUkQaFth

— Metaplanet Inc. (@Metaplanet_JP) September 1, 2025

The move came alongside an equity development, with Metaplanet issuing 11.5 million new shares after an investor exercised warrants. By combining bitcoin accumulation with fresh capital inflows, the firm signaled its dual focus on treasury expansion and funding strategy.

Metaplanet Now Sixth in Global BTC Holdings

With its bitcoin reserve now at 20,000 BTC, Metaplanet ranks as the sixth-largest holder worldwide and the leading treasury in Japan. The company revealed that it paid an average of $102,607 per coin, resulting in a modest profit margin compared to current market levels.

This milestone was supported by fresh equity inflows, much of which came from Evo Fund. The group acquired 10 million shares at $5.67 and another 1.5 million shares just below $6, spending about $65.73 million.

Proceeds from the deal were partly used to redeem around $20.4 million in outstanding bonds, easing the company’s debt load. Evo Fund still holds rights to another 34.5 million shares, though weaker market conditions may affect whether those are exercised.

Fundraising Plans and Market Pressures

Last week, Metaplanet announced plans to raise about 130.3 billion yen ($880 million) through an overseas public share sale. A separate proposal seeks shareholder approval to issue up to 555 million preferred shares. If approved, the move could generate up to $3.7 billion.

These efforts highlight both ambition and risk, as the company’s push to expand its bitcoin treasury relies heavily on capital markets. That reliance is being tested by a 22% drop in its stock price over the past month. The decline has cast doubt on the appeal of warrant exercises.

Analysts caution that if the share price continues to fall, liquidity could tighten, restricting Metaplanet’s ability to acquire more bitcoin. This financial pressure comes at the same time the firm pursues larger fundraising opportunities abroad.

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