Metaplanet

Bitcoin

Standard

Optimism

Yield

<ul>
 <li>Shares closed at ¥614, down 9.97% daily and nearly 30% monthly; still 101% higher year-to-date, as Bitcoin rebounds.</li>
 <li>Company issued over 739 million new shares, totaling 751.2 million outstanding, enabling treasury growth while diluting per-share exposure.</li>
</ul>
Metaplanet added 136 BTC to its treasury, bringing holdings to 20,136 BTC worth about $2.08 billion. The purchase, disclosed by CEO Simon Gerovich, pushes the company near its stated goal of 21,000 BTC by 2026 after passing 10,000 BTC far ahead of schedule. The average acquisition cost stands at $103,196 per coin, indicating a steady buy-through approach despite price swings.
<blockquote class="twitter-tweet">
 Metaplanet has acquired 136 BTC for ~$15.2 million at ~$111,666 per bitcoin and has achieved BTC Yield of 487% YTD 2025. As of 9/8/2025, we hold 20,136 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$2.08 billion at ~$103,196 per bitcoin. <a href="https://twitter.com/search?q=%24MTPLF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MTPLF</a> <a href="https://t.co/nwEAv0NzQq" rel="noopener noreferrer nofollow">pic.twitter.com/nwEAv0NzQq</a>
 — Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1964886464589865301?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 8, 2025</a>
</blockquote>

Meanwhile, Bitcoin trades near $113,037, up 1.63% in the past 24 hours after sliding from an all-time high close to $125,000. The backdrop matters for equity holders. Metaplanet shares closed at ¥614.00, down 9.97% on the day and nearly 30% over the month, though they remain up 101% year to date.
By comparison, Metaplanet now ranks sixth among public companies by Bitcoin holdings, behind <a href="https://www.ethnews.com/strategys-btc-collateral-model-tests-wall-streets-appetite-for-sound-money/" rel="noopener noreferrer nofollow">Strategy</a>, Marathon Digital, XXI, Bitcoin Standard Treasury Company, and Bullish. Strategy <a href="https://www.ethnews.com/saylors-station-b-pitches-bitcoin-amid-strategys-august-equity-slide/" rel="noopener noreferrer nofollow">reported</a> more than 638,000 BTC at an average price of $66,384, while <a href="https://www.ethnews.com/el-salvadors-next-phase-bitcoin-banks-following-legal-tender-adoption/" rel="noopener noreferrer nofollow">El Salvador</a> lifted its national stash to over 6,313 BTC with a 21-BTC purchase tied to the fourth anniversary of its Bitcoin policy.
Moreover, Metaplanet updated shareholders on the exercise of its 20th series of stock acquisition rights. The company added more than 739 million shares between August 27 and 29, bringing total issued shares to 751.2 million. Increased float supports balance-sheet expansion but dilutes per-share exposure to future gains.
Operationally, the strategy is clear: convert capital into BTC and hold through cycles. However, the equity case depends on three moving parts—Bitcoin’s price path, issuance discipline, and treasury transparency. 
If BTC stabilizes and the company limits further dilution, the balance sheet should track coin appreciation with fewer headwinds. If volatility returns and issuance remains active, shares may lag book growth.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/BTCUSD_2025-09-09_09-30-07.png" alt="BTCUSD_2025-09-09_09-30-07" width="1826" height="880">
 <figcaption>
 Source: BTC/Tradingview
 </figcaption>
</figure>
Bitcoin (BTC) is trading at $112,713, reflecting a 0.32% gain in the last 24 hours and a 3.54% rise over the past week. The market capitalization stands at approximately $2.24 trillion, with a circulating supply of around 20 million BTC.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/btc-volume-trading-bitcoinity.png" alt="btc-volume-trading-bitcoinity" width="1571" height="580">
 <figcaption>
 Source: Bitcoinity
 </figcaption>
</figure>
Trading volume in the last 24 hours exceeded $40.5 billion, suggesting elevated participation across markets, particularly on major exchanges such as Azbit, Binance, and Pionex.
The <a href="https://www.ethnews.com/bitcoin-whales-dump-12-7b-in-btc-sparking-biggest-sell-off-since-2022/" rel="noopener noreferrer nofollow">price movement</a> for BTC today remains within a narrow range between $111,200 and $113,226, indicating mild volatility and measured positioning by market participants. From a <a href="https://www.ethnews.com/etfs-inflow-turnover-slows-what-glassnode-says-about-btcs-next-move/" rel="noopener noreferrer nofollow">technical standpoint</a>, BTC is hovering just below a short-term resistance at $113,000, a level that has held for several sessions.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/BTCUSD_2025-09-09_09-33-47.png" alt="BTCUSD_2025-09-09_09-33-47" width="1825" height="880">
 <figcaption>
 Source: BTC/Tradingview
 </figcaption>
</figure>
Support remains firm around $111,500, with a broader cushion visible near $110,000. Traders are watching closely for a breakout above the current ceiling to confirm upward continuation toward $115,000 in the near term.
On the news front, <a href="https://www.ethnews.com/bitcoin-etfs-lose-126-6m-ether-funds-see-164-6m-outflow-amid-cautious-sentiment/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> have recorded $368 million in inflows, the strongest since August. The capital shift from Ethereum ETFs into Bitcoin highlights renewed institutional preference for BTC. 
In parallel, Japan-based Convano announced a $139.2 million bond issuance aimed at increasing its Bitcoin reserves, adding to the growing trend of corporate BTC accumulation. Furthermore, Michael Saylor continues his accumulation strategy, adding $217 million in Bitcoin to MicroStrategy’s holdings.
The market also reacts to macroeconomic sentiment. Optimism surrounding potential interest rate cuts by the U.S. Federal Reserve, scheduled for discussion at the September 16–17 meeting, has contributed to bullish momentum. ETHNews analysts are monitoring whether these monetary expectations will push BTC above the $113,500 resistance in the coming days.
The post <a href="https://www.ethnews.com/strategy-leads-while-metaplanet-ranks-sixth-among-public-bitcoin-holders/" rel="noopener noreferrer nofollow">Strategy Leads While Metaplanet Ranks Sixth Among Public Bitcoin Holders</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Strategy Leads While Metaplanet Ranks Sixth Among Public Bitcoin Holders

ETHNews

Other articles published on Sep 9, 2025

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