Introduction
Tokyo-based Metaplanet has solidified its position as a major corporate Bitcoin holder, surpassing 30,000 BTC through aggressive acquisitions. The company’s rapid treasury expansion is matched by soaring revenue from its Bitcoin operations, prompting significant upward revisions to financial forecasts and attracting substantial institutional investment from major global asset managers.
Key Points
- Metaplanet acquired 5,268 BTC for $616 million in early October, following a late-September purchase of 5,419 BTC – its largest single acquisition
- The company's Bitcoin revenue surged 115.7% quarter-over-quarter to ¥2.44 billion, leading to doubled full-year revenue and profit forecasts
- Capital Group, managing $2.6 trillion in assets, became Metaplanet's largest shareholder with an 11.45% stake worth approximately $500 million
Aggressive Bitcoin Accumulation Strategy
Metaplanet has cemented its position among the world’s elite corporate Bitcoin holders through a series of strategic acquisitions that pushed its total holdings beyond the 30,000 BTC milestone. The Tokyo-based firm revealed on October 1 that it had added 5,268 BTC to its balance sheet at an average price of $116,870, representing a substantial investment of approximately $616 million. This transaction followed closely on the heels of the company’s late-September acquisition of 5,419 BTC, which marked its largest single purchase to date.
The back-to-back acquisitions have propelled Metaplanet’s total Bitcoin holdings to 30,823 BTC, accumulated at an average cost of $107,912 per Bitcoin. This dramatic expansion significantly exceeds the company’s initial target of 10,000 BTC and surpasses even its revised goal of 30,000 BTC. With this achievement, Metaplanet now ranks as the fourth-largest corporate holder of Bitcoin worldwide, positioning itself above Bitcoin Standard Treasury in the global rankings of corporate Bitcoin treasuries.
Explosive Revenue Growth and Revised Forecasts
Metaplanet’s aggressive treasury expansion is being matched by remarkable growth in its operational performance. The company reported that its Bitcoin Income Generation unit generated ¥2.44 billion (approximately $16.5 million) in Q3 revenue, representing a staggering 115.7% increase from the previous quarter. This substantial revenue surge demonstrates the scalability of Metaplanet’s Bitcoin operations and validates the company’s strategic direction.
Riding this wave of momentum, Metaplanet management has taken the significant step of doubling its full-year revenue forecast from ¥3.4 billion (approximately $23 million) to ¥6.8 billion (approximately $46 million). The company has also revised its operating profit projections upward from ¥2.5 billion (approximately $17 million) to ¥4.7 billion (approximately $32 million), marking an 88% increase from prior estimates. Metaplanet President Simon Gerovich emphasized that these Q3 results demonstrate operational scalability and strengthen the financial foundation for the company’s planned preferred share issuance, which supports its broader Bitcoin Treasury strategy.
Institutional Validation and Growing Investor Interest
Metaplanet’s aggressive Bitcoin accumulation and strong financial performance have captured the attention of major global asset managers, signaling growing institutional confidence in the company’s strategy. Last week, Gerovich revealed that Capital Group, a US firm overseeing $2.6 trillion in assets, has become Metaplanet’s largest shareholder, overtaking National Financial Services. This development represents a significant vote of confidence from one of the world’s most respected investment management organizations.
Capital Group now owns 11.45% of Metaplanet shares, valued at approximately $500 million. The company’s investor base has expanded to include other major US financial institutions among its top 20 shareholders, including Vanguard, JPMorgan, Citigroup, and State Street. These substantial investments demonstrate that Metaplanet’s positioning as a central player in Bitcoin’s corporate adoption wave is attracting significant interest from sophisticated institutional investors who recognize the potential of corporate Bitcoin strategies.
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