Metaplanet Becomes Fourth-Largest Bitcoin Holder With $620M Purchase, Shares Jump 17%

Metaplanet Inc (TYO:3350) surged in Tokyo trading on Thursday after announcing a massive Bitcoin acquisition worth $620 million. The Japanese hotelier-turned-Bitcoin treasury revealed it had purchased 5,288 Bitcoin at an average price of $116,870 per coin, boosting its total holdings to 30,823 Bitcoin. With this move, Metaplanet has overtaken Riot Platforms (NASDAQ:RIOT), Bullish Inc (NYSE:BLSH), and Bitcoin Standard Treasury Co, cementing its position as the fourth-largest corporate holder of Bitcoin.

The announcement triggered a strong rally in Metaplanet’s stock, which climbed as much as 17% to 615.0 yen. The sharp rebound mirrors the recovery in Bitcoin prices this week, easing concerns after a recent downturn that had dragged the company’s shares to a near five-month low.

Alongside the Bitcoin purchase, Metaplanet upgraded its 2025 financial outlook. The company raised its revenue forecast to $46.3 million and operating profit guidance to $31.97 million. These updated figures represent increases of nearly 100% and 88% respectively, highlighting the substantial gains from its Bitcoin-focused strategy.

Over the past year, Metaplanet has aggressively expanded its Bitcoin treasury, largely funded through capital issuances. This approach mirrors the strategy pioneered by MicroStrategy (NASDAQ:MSTR), the largest corporate Bitcoin holder globally. Like MicroStrategy, Metaplanet is betting on Bitcoin’s long-term value appreciation as a cornerstone of its corporate growth.

Despite recent skepticism surrounding the sustainability of Bitcoin treasury strategies, the latest purchase underscores Metaplanet’s commitment to its digital asset play. While concerns linger over volatility, this bold move reinforces its standing among major corporate Bitcoin adopters. With Bitcoin prices showing renewed strength, Metaplanet’s high-risk, high-reward approach appears to be paying off, at least in the short term.