Japan’s Metaplanet Joins Bitcoin Heavyweights with $54M Purchase

Metaplanet, Japan’s answer to MicroStrategy, has added 463 BTC ($53.7 million) to its growing Bitcoin treasury, now totaling 17,595 BTC ($1.78 billion).

The company’s latest acquisition, averaging $115,895 per BTC, follows a filing to raise ¥555 billion ($3.7 billion) via perpetual preferred shares—signaling no plans to stop accumulating.

“Our playbook is clear: maximize Bitcoin holdings per share,” said CEO Simon Gerovich. “Preferred shares give us the firepower to keep expanding.”

According to Bitcointreasuries, Metaplanet now ranks seventh among global corporate Bitcoin holders, trailing only industry titans like MicroStrategy and Marathon Digital.