TL;DR
- Metaplanet has added another 797 BTC to its growing treasury, continuing to buy aggressively even at record prices.
- The Japanese company now holds over 16,000 BTC, ranking as the fifth-largest corporate holder.
- Despite some selling from domestic investors, international interest is expected to strengthen MTPLF shares as corporate buyers deepen their impact on Bitcoin’s available supply.
Metaplanet has once again demonstrated its unwavering commitment to Bitcoin by adding 797 BTC during a period when the cryptocurrency is breaking new price records. This recent purchase pushes its total holdings to an impressive 16,352 BTC, allowing the company to surpass Galaxy Digital and claim the fifth spot among corporate holders worldwide. While some investors hesitate to buy during peak market cycles, Metaplanet embraces an aggressive strategy similar to Strategy but with greater transparency, holding most coins in publicly known addresses.
Metaplanet’s acquisition averaged $117,451 per BTC, increasing its overall average to $100,191, which remains favorable considering Bitcoin recently topped $122,000. The company continues to source coins through BitFlyer, Coinbase Prime, and QCP Capital, showing how Japanese firms can operate globally while staying compliant and open about their movements.
MTPLF Stock Draws Global Attention
While MTPLF shares have retreated slightly over the past month, they are still holding close to six-month highs. Selling pressure from Japanese investors has slowed the stock’s climb, but international buyers are showing fresh interest. CEO Simon Gerovich’s efforts to introduce Metaplanet to EU markets could broaden its investor base beyond Asia, making the stock more resilient during crypto cycles.
Treasury companies like Metaplanet play a crucial role in tightening Bitcoin’s available supply. Currently, corporate treasuries hold roughly 3.67% of all BTC in circulation, while government wallets control around 2.52%. Shrimp wallets, usually small retail holders, keep about 4.9%. However, companies with large treasuries often use conventional market leverage to expand their crypto positions.
Institutional Influence Keeps Growing
Metaplanet’s consistent buying means it alone absorbs the equivalent of 32% of daily mining output, gradually amplifying the supply squeeze narrative that supports higher prices. Unlike retail investors, who tend to hesitate near all-time highs, corporate players remain steady buyers.
For now, Metaplanet stands out as one of the few treasury firms performing visible open market purchases rather than relying solely on discreet OTC deals with major holders. This proactive approach reinforces Bitcoin’s scarcity, creating optimism among crypto supporters that strong corporate demand will continue to push the asset into broader global adoption.
