Metaplanet has reached a new milestone in its Bitcoin journey. On October 1, the Tokyo-based company bought another 5,268 Bitcoin for nearly $615 million. With this purchase, Metaplanet now holds 30,823 Bitcoin worth approximately $3.3 billion. The average price paid per coin is $107,912.
This makes Metaplanet the fourth-largest Bitcoin treasury firm in the world. CEO Simon Gerovich said this achievement puts the company in a strong position as Asia’s leading corporate Bitcoin holder.
The company’s results also show fast growth. In the third quarter of 2025, Metaplanet’s Bitcoin Income Generation business earned ¥2.438 billion in revenue, which is about 115% higher than the previous quarter. This led the company to raise its guidance for the full year and now expects ¥6.8 billion in revenue and ¥4.7 billion in operating profit. These new numbers are almost double the earlier estimates.
Gerovich added that the strong results prove the company can scale its operations. He also pointed out that this growth supports the firm’s plan to issue preferred shares, which will help fund its Bitcoin treasury strategy.
However, the market reacted differently. On the same day Metaplanet announced the milestone, its stock dropped 10% on the Tokyo Stock Exchange to ¥516. The shares have fallen about 37% over the past month, raising concerns among traders.
Still, some investors see the fall as an opportunity. Capital Group, a major global investment firm, has become the largest shareholder in Metaplanet with an 11.45% stake. Analysts at Benchmark Equity Research also remain positive. They kept a “Buy” rating on the stock and set a target price of ¥2,400 by the end of 2026.
As the fourth quarter begins, Metaplanet is facing mixed signals. Its Bitcoin holdings and financial performance are stronger than ever, but its stock is under heavy selling pressure. The preferred share issuance will be a key test of how much confidence investors have in its strategy.
For now, Metaplanet’s big bet on Bitcoin puts it at the heart of Asia’s corporate crypto movement. If Bitcoin’s price rises again in Q4, the stock may bounce back. If volatility continues, though, pressure on shares could grow. Either way, Metaplanet has shown it is ready to play a major role in the global Bitcoin treasury race.
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