Metaplanet Inc. has purchased an additional 775 Bitcoin, increasing its total holdings to 18,888 BTC valued at $2.18 billion. The acquisition cost 114.3 billion yen ($775 million) at an average price of $120,000 per BTC, while Bitcoin traded at $115,600 during the disclosure.
This marks the third major purchase in August, following acquisitions of 463 BTC ($53 million) on August 4 and 518 BTC ($61.4 million) on August 12. The Japanese firm now holds Asia's largest corporate Bitcoin treasury, positioning itself as a regional counterpart to U.S.-based MicroStrategy.
CEO Simon Gerovich revealed ambitious targets: 30,000 BTC by end-2025 (60.4% progress toward ultimate goal), 100,000 BTC in 2026, and 210,000 BTC (1% of total supply) by 2027. The strategy is fueled by 100% reinvestment of positive cash flow and has yielded 29.3% returns in the latest period.
Metaplanet's shareholder base grew 40x over 12 months, with market capitalization surging from $14 million in April to multibillion-dollar levels. Analysts suggest this could catalyze broader corporate Bitcoin adoption in Asia, especially with anticipated U.S. Federal Reserve rate cuts in September.