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

    Polymarket faces a $520K exploit concern on Polygon flagged by ZachXBT, but developers say assets are safe.

    Blockchain investigator ZachXBT has flagged a suspected security incident involving Polymarket, the world’s largest decentralized prediction market, after on-chain data indicated that more than $520,000 was drained from smart contracts…

    Continue reading
    Near Protocol’s move to self-automate growth is powering a rapid spike in its token value.

    NEAR Protocol is set to deploy dynamic resharding in June, an upgrade that will allow the blockchain to automatically scale by adding new shards as demand increases, removing the need…

    Continue reading