Metaplanet Rises to Fifth-Largest Public Bitcoin Holder Following $632M Purchase

Metaplanet (3350) has overtaken Bullish (BLSH) to become the fifth-largest corporate holder of bitcoin, following a $632.5 million acquisition of 5,419 BTC at an average price of $116,724 per coin.

The purchase contributes to a remarkable year-to-date bitcoin gain of 395.1% for 2025. Metaplanet now holds a total of 25,555 BTC, valued at roughly $2.71 billion, with an average cost basis of $106,065 per bitcoin.

Dylan LeClair, Metaplanet’s head of bitcoin strategy, emphasized that this acquisition represents “just the first tranche”, noting that the company recently raised $1.4 billion to continue expanding its bitcoin holdings.

Capital B’s Purchase
In a separate move, Capital B (ALCPB) acquired 551 BTC for $64.29 million, averaging $116,672 per bitcoin. This brings Capital B’s total bitcoin reserves to 2,800 BTC.

Market Reaction
Despite these large-scale purchases, both companies are currently trading below their recent buy-in prices as bitcoin dipped to a low of $111,700 before rebounding slightly to just under $113,000.

Metaplanet’s shares closed 3% lower at 589 yen, while Capital B slipped 1% to 1.14 euros in European trading. Both remain far below their all-time highs, with Metaplanet down 73% and Capital B down 81%.

  • Related Posts

    Following heavy dip-buying, XRP surges beyond Bitcoin and Ethereum.

    XRP has emerged as the top performer among major cryptocurrencies, outpacing Bitcoin and Ethereum as buyers moved in following the sharp downturn earlier this month. Since touching a low on…

    Continue reading
    U.S. institutional players remain upbeat on Bitcoin as offshore traders scale down exposure.

    A regional divergence is taking shape in Bitcoin markets, as U.S. institutions maintain bullish positioning while offshore traders scale back risk. The contrast is clearest in the futures arena. On…

    Continue reading