Metaplanet Buys 463 Bitcoin Amid Market Dip, Eyes 1% of Total BTC Supply

Japanese investment firm Metaplanet made headlines Monday by acquiring 463 Bitcoin for 8 billion yen (approximately $53.7 million), becoming the first public company to take advantage of Bitcoin’s recent 5% weekend dip. The company’s average purchase price was around $115,895 per BTC, according to an official statement.

With this latest acquisition, Metaplanet now holds 17,595 Bitcoin—valued at over $2 billion—solidifying its position as the world’s seventh-largest corporate Bitcoin holder. The move also follows a wave of late-July corporate buying, during which 16 companies collectively added more than $7.8 billion worth of crypto to their balance sheets, as reported by Cointelegraph.

While inflows into U.S.-based spot Bitcoin ETFs were strong in July, the start of August brought a sharp reversal, with $812.3 million in outflows—one of the largest daily withdrawals on record.

Metaplanet Aims for 1% of BTC Total Supply

The recent buy underscores Metaplanet’s commitment to its long-term Bitcoin strategy, led by CEO Simon Gerovich. The firm has made clear its ambitious goal: to accumulate 210,000 BTC—equivalent to 1% of Bitcoin’s maximum supply—by the end of 2027. Monday’s purchase puts Metaplanet roughly 8.4% of the way there.

To support this accumulation, Metaplanet is following a model popularized by MicroStrategy founder Michael Saylor. On Friday, the company announced a plan to issue approximately $3.73 billion in perpetual preferred shares. This financing tool, also used by MicroStrategy, allows firms to raise capital without taking on debt or diluting common shareholders.

Saylor famously referred to MicroStrategy’s STRC preferred stock as its “iPhone moment” after the company raised $2.5 billion through a similar offering. Metaplanet’s preferred shares are expected to offer up to a 6% annual dividend, with rates determined by market demand and investor interest.

Growing Number of Public Bitcoin Holders

Metaplanet remains behind six other corporate giants in Bitcoin holdings, including MicroStrategy, Marathon Digital (MARA), Riot Platforms, and Trump Media. According to data from BitcoinTreasuries.NET, the number of public companies holding BTC has grown from 112 in May to 162 today.

This rising interest signals that more institutions are embracing Bitcoin as a treasury reserve asset. Metaplanet’s latest move shows that despite volatility and economic uncertainty, the corporate race to accumulate Bitcoin is far from over.