Tokyo-listed tech firm Metaplanet has bought an additional 780 BTC for around $92.5 million, signaling continued confidence in Bitcoin’s future. This purchase was made at an average price of $118,622 per BTC, according to a company disclosure on Monday.
This move cements Metaplanet’s position as the seventh-largest corporate Bitcoin holder globally, based on data from BitcoinTreasuries. With this acquisition, Metaplanet’s total Bitcoin holdings now stand at 17,132 BTC, worth about $2 billion at current prices.
CEO Simon Gerovich shared on X that the company’s average purchase price across all its Bitcoin holdings is $101,030 per coin.
The company started its Bitcoin accumulation policy in April 2024 and has a big target to possess more than 210,000 BTC, or 1% of the total supply of Bitcoins by the end of 2027.
Metaplanet’s Bitcoin-focused strategy is already showing results. The company generated 1.1 billion yen (about $7.6 million) in revenue in Q2 2025, a 42.4% jump year-over-year.
Following the acquisition’s news, Metaplanet’s stock rose 4.91% to 1,239 yen ($8.3) by midday in Japan. Despite a 24.91% drop over the past month, the stock has surged 516.42% year-to-date, according to Google Finance.
Meanwhile, Bitcoin itself edged up 0.9% in the past 24 hours, trading at $119,330 at the time of writing. Metaplanet’s aggressive Bitcoin play is turning heads and showing how corporate adoption of crypto is evolving fast.