Metaplanet, often called “Asia’s MicroStrategy,” has made another colossal bet on Bitcoin. The Japanese-listed company announced a massive new purchase on September 22, solidifying its position as one of the world’s top corporate Bitcoin treasuries.
A $632 Million Acquisition
According to an official announcement, Metaplanet acquired an additional 5,419 BTC at an average price of $116,724 per coin. This single purchase is worth a staggering $632 million.
This latest buy brings the company’s total Bitcoin treasury to 25,555 BTC, which is valued at nearly $3 billion at current prices. This monumental accumulation has propelled Metaplanet to become the fifth-largest corporate Bitcoin holder globally, surpassing the holdings of the Bullish crypto exchange.
The company’s average purchase price is $106,065 per BTC, meaning it is currently sitting on an unrealized profit of approximately $290 million.
CEO Simon Gerovich took to X to share the news with the community, revealing that the company has achieved an astounding 395.1% Bitcoin yield year-to-date in 2025 under its aggressive accumulation strategy.
Metaplanet Stock Price Reaction and Short Selling
Despite the huge Bitcoin purchase, Metaplanet’s stock price (ticker: MTPLF) experienced a slight dip of nearly 0.50%, trading at 605 JPY.
This short-term stock weakness occurs amid a broader decline in BTC’s price and continued pressure from institutional short sellers. Financial giants like Morgan Stanley, Jefferies, and UBS have taken significant short positions against the stock.
This has caused the stock to plunge more than 27% over the past month, reducing its year-to-date return to 74%. Interestingly, the U.S.-traded MTPLF stock closed 3.81% higher on Friday, showing a divergence in market sentiment.
Bitcoin Price Dips to $114K
The purchase comes as Bitcoin itself faces some selling pressure. The price of BTC fell more than 1% to trade around $114,685.
Data from CoinGlass showed mixed sentiment in the derivatives market. While total Bitcoin futures open interest fell slightly, open interest on major exchanges like the CME and Binance saw small increases. This suggests that while some traders are cautious, others are using the dip to establish new long positions.
Metaplanet’s unwavering commitment, even during a price dip, demonstrates a powerful long-term conviction in Bitcoin as a primary treasury asset.
