Metaplanet Buys More Bitcoin, Boosting Holdings to 20K BTC and Surpassing Riot Platforms

Metaplanet Inc. (3350) purchased an additional 1,009 Bitcoin (BTC), valued at approximately $112 million, bringing its total holdings to 20,000 BTC and overtaking Riot Platforms (RIOT) as the company with the sixth-largest corporate Bitcoin treasury.

The Tokyo-based firm’s latest acquisition underscores its strategy of positioning Bitcoin as a core reserve asset. According to a Monday filing, Metaplanet’s cumulative Bitcoin purchases now total 302.3 billion yen, at an average cost of 15.1 million yen per BTC.

The pace of accumulation has made Metaplanet one of Asia’s most prominent publicly traded Bitcoin adopters. Between July 1 and September 1, the company recorded a BTC yield of 30.7%, with its multiple to net asset value (mNAV) just below 2.

Despite the milestone, Metaplanet’s shares fell 5.5%, closing at 831 yen.

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