Earlier today, Japanese corporate investor Metaplanet acquired 136 BTCfor approximately $15.2 million, bringing its total holdings to 20,136 Bitcoin.
Key Takeaways:
- Metaplanet acquired 136 BTC for valued at approximately 15.2M, total now 20136 BTC, worth roughly $2.24 billion at current levels.
- BTC price hovers near $111.1K with 0.5 to 1% gain on the day with neutral RSI at ~52, indiacting stable momentum.
- The company’s shares fell around 2.3% in Tokyo, extending losses amid growing scrutiny of its aggressive crypto industry strategy.
On Monday, September 8, Metaplanet, a business model turned Bitcoin holder, publicized it purchased an additional 136 BTC for $15.2 million, at an average price of approximately $111,783 per coin. The move raises Metaplanet’s total Bitcoin balance to 20,136 BTC, making it one of the top public Bitcoin treasury holders globally. In their recent X (formerly Twitter) post, Metaplanet announced the massive BTC purchase with “Notice of Additional Purchase of Bitcoin“ provided.
This marks yet another step in Metaplanet’s aggressive pivot from its original hospitality business toward building a balance sheet heavily centered on digital assets. The company has consistently framed Bitcoin as a hedge against inflation and currency debasement, echoing strategies employed by early corporate adopters such as MicroStrategy.
On-chain records, including Arkham Intelligence, also show the company’s recent Bitcoin purchase, divided into three transactions, earlier today, around 4:30AM UTC. At current prices, the stash is valued at over $2.24 billion, placing the company among the largest corporate Bitcoin holders worldwide.
Photo: Metaplanet buys 136 BTC valued around $15.2 million. Source: Arkham Intelligence
Analysts Warn of Risks Behind Aggressive Crypto Strategy
Market watchers have expressed caution over the pace of Metaplanet’s accumulation. Thomas Fecker-Boxler, interim CEO of the Web3 Foundation, remarked that “aggressive investments ... make a company’s shares more vulnerable to volatility in crypto markets,” pointing to the unpredictable nature of Bitcoin’s price movements.
Bitcoin Price Holds Steady With Neutral Momentum
As of this writing (8:45AM UTC), Bitcoin is selling for approximately $111,964, logging a modest 0.7% gain over the past 24 hours while reaching intraday highs near $112,008 and low around $110,690.
The Relative Strength Index (RSI) stood at 51.6, signaling neutral momentum in the short term.
Bitcoin’s stability during the recent announcement suggests the market has largely priced in the impact of corporate accumulation strategies. Unlike in earlier cycles when news of major purchases triggered sharp rallies, the current environment reflects a more mature phase for the cryptocurrency market, with institutional adoption now commonplace.
Metaplanet Shares Extend Losses Amid Market Scrutiny
Despite the milestone for expanding its Bitcoin holdings, Metaplanet’s stock saw an opposite impact from the news as their shares dropped 3.81% on the day, extending a broader 20% decline over the past week. The stock is now down more than 60% from its yearly high, trading at a four-month low.
Compounding the bearish outlook, some analysts believe that investors now have more ways to gain exposure to Bitcoin efficiently, such as through regulated spot ETFs, which reduces the appeal of holding shares in companies that primarily serve as Bitcoin proxies.
What’s Next for Metaplanet’s Bitcoin Purchase?
Metaplanet’s latest purchase emphasizes its determination to double down on Bitcoin accumulation in spite of a choppy crypto market.
Meanwhile, the company’s strategy remains high-risk, tying its future closely to the direction of the crypto market. If Bitcoin strengthens and reclaim price near its record-highs, Metaplanet will benefit significantly. Otherwise, the pressure on both its balance sheet and investors will likely grow.
Summary
Metaplanet acquired 136 BTC (~$15.2M) at an average price of ~$111,783, bringing its total holdings to 20,136 BTC (~$2.24B). The move reinforces the company’s pivot from its legacy business into a corporate Bitcoin treasury strategy, echoing MicroStrategy’s model. While BTC trades steady near $111,964 with neutral momentum (RSI ~52), Metaplanet’s stock slid further, extending a multi-week decline of over 20%. Analysts warn that the firm’s aggressive accumulation exposes shareholders to amplified volatility, especially as alternative exposure via spot ETFs becomes more accessible.
