Metaplanet Expands Bitcoin Holdings to 30,823 BTC, Joins World’s Top 5 Holders

Japanese Bitcoin treasury firm Metaplanet announced on Monday that it has acquired an additional 5,268 BTC for 91.6 billion yen ($623 million), boosting its total holdings to 30,823 BTC.

The purchase was executed at an average price of 17.4 million yen ($118,328) per coin, according to the company’s October 1 filing.

Fourth-Largest Publicly Traded Bitcoin Treasury

In a statement on X, Metaplanet CEO Simon Gerovich said the acquisition makes the company the world’s fourth-largest publicly traded Bitcoin treasury firm, ranking behind only Strategy Inc., MARA Holdings, and XXI.

This latest acquisition follows another major purchase of $632 million in BTC announced on September 21, which remains Metaplanet’s largest single Bitcoin buy to date.

Strong Revenue Growth Reported

Alongside the treasury expansion, Metaplanet reported Q3 revenue of 2.438 billion yen ($16.5 million), marking a 115.7% increase from Q2. Gerovich said the strong results highlight the company’s operational scalability.

“Q3 results demonstrate operational scalability and strengthen the financial foundation for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy,” Gerovich noted in the filing.

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Treasury Metrics and Outlook

According to Metaplanet’s report, the company’s average purchase price across all holdings now stands at 15.8 million yen ($108,031) per BTC, with a total aggregate purchase amount of 480.87 billion yen.

The filing also included metrics on BTC Yield, a measure of the company’s Bitcoin holdings relative to fully diluted shares outstanding. This metric, used internally as a performance indicator, showed steady growth across 2023 and 2024, further boosted by the latest acquisitions.

Metaplanet emphasized its continued commitment to Bitcoin as its core reserve asset and confirmed plans to allocate part of its treasury operations toward expanding issuance of preferred shares.