Metaplanet Boosts Bitcoin Holdings to 40,177 BTC as Stock Declines
Japan-listed Metaplanet — often called 'Asia's MicroStrategy' — disclosed on Thursday that it bought additional Bitcoin worth more than $405.48 million, bringing its total holdings to 40,177 BTC. The latest accumulation moves the firm into the third spot among corporate Bitcoin holders, overtaking Marathon Digital (MARA) in reported reserves and underlining continued institutional appetite for on‑balance-sheet crypto exposure.
The purchase came alongside a decline in Metaplanet's stock price after the disclosure, highlighting a disconnect between crypto accumulation and short-term equity moves. The deal matters because large corporate buys can tighten available supply and support positive market sentiment for Bitcoin, but they also concentrate risk on company balance sheets — a trade-off investors will be watching as markets weigh broader macro and industry factors.