Metaplanet Adds 780 BTC as Corporate Stashes Grow to 17,132 Coins

Japanese investment company Metaplanet (TSE 3350) disclosed a fresh purchase of 780 bitcoin on July 28, executed at an average price of ¥17.5 million ($118,176) per coin. The acquisition raises the public company’s total holdings to 17,132 BTC, valued near $2 billion at current market prices and cementing Metaplanet’s position as the largest non-U.S. corporate holder of bitcoin. The board authorised the buy under the firm’s treasury policy, modelled on MicroStrategy’s strategy, which seeks to protect shareholder value against yen depreciation and inflation by holding bitcoin as a long-term reserve asset. Since adopting the policy in April 2024 the company has accumulated bitcoin at an average cost of $99,732, achieving an internal BTC-yield metric of 129.4 % last quarter. Management said the latest purchase was funded through a combination of operating cash flow and a previously arranged ¥25 billion unsecured note programme. Market reaction was positive: Metaplanet stock closed 5 % higher at ¥1,240 while the benchmark Nikkei 225 fell 1.1 %. Analysts at Monex view the move as a signal that Japan’s listed firms are increasingly willing to place digital assets on balance sheets amid a friendlier domestic regulatory climate and continued weakness in the yen. The disclosure follows Galaxy Digital’s facilitation of an $9 billion transfer for a Satoshi-era whale, highlighting deep liquidity even at near-record bitcoin prices. Observers expect further treasury adoptions among Asian corporates as bitcoin approaches the psychologically important $120,000 level.