Metaplanet Buys 463 Bitcoin in August’s First Major Corporate Purchase

Japanese investment company Metaplanet purchased 463 Bitcoin on August 4 for 8 billion yen ($53.7 million).

The average purchase price was $115,895 per Bitcoin, according to its statement.

Metaplanet Notice of Additional Bitcoin Purchase. Source: Metaplanet

The purchase followed Bitcoin’s 5% weekend dip, with the price trading near $114,476 at the time. This move made Metaplanet the first public company to buy Bitcoin in August after the price decline.

The acquisition increased Metaplanet’s total Bitcoin holdings to 17,595 BTC, valued at over $2 billion.

This keeps the company ranked as the seventh-largest corporate Bitcoin holder, based on BitcoinTreasuries.NET data.

Metaplanet Targets 210,000 Bitcoin by 2027

Metaplanet’s latest purchase brought it 8.4% closer to its target of 210,000 Bitcoin. The company aims to accumulate 1% of Bitcoin’s total supply by the end of 2027.

Under CEO Simon Gerovich, Metaplanet has continued adding Bitcoin despite recent economic conditions.

The company reiterated its plan to keep increasing its Bitcoin reserves as part of its broader accumulation strategy.

This purchase came after the last week of July saw 16 firms collectively add $7.8 billion worth of crypto to their treasuries. The figures underline growing corporate involvement in Bitcoin purchases.

Bitcoin ETFs See Large Outflows in Early August

While companies like Metaplanet are buying Bitcoin directly, spot U.S. Bitcoin ETFs recorded $812.3 million in outflows at the start of August. This marked one of the biggest single-day outflows for Bitcoin ETFs.

In July, spot Bitcoin ETFs posted strong inflows, but early August data showed a sharp reversal.

Despite these ETF outflows, public companies are continuing to increase their direct Bitcoin holdings.

This highlights a shift where corporate balance sheets are absorbing Bitcoin while ETFs see changing investor flows.

Metaplanet Issues $3.73 Billion in Preferred Shares for Bitcoin

On August 1, Metaplanet announced plans to issue $3.73 billion in perpetual preferred shares to fund future Bitcoin purchases.

This approach follows Michael Saylor’s Strategy, which raised funds through similar preferred stock offerings.

Strategy’s Bitcoin holdings stand at 628,700 BTC. One such issuance, under ticker STRC, raised $2.5 billion.

Metaplanet’s preferred stock will pay up to 6% in annual dividends, based on market demand. The method provides long-term capital without shareholder dilution or added debt.

More Companies Join Bitcoin Holdings Race

Metaplanet ranks behind companies such as Strategy, Mara Holdings, XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media in total Bitcoin holdings.

The number of public companies holding Bitcoin rose from 112 on May 26 to 162, according to BitcoinTreasuries.NET.

This shows an increase in corporate entities adding Bitcoin to their balance sheets as part of broader accumulation activity.