What happened?
Metaplanet bought 5,268 BTC for $623 million, bringing its total to 30,823 BTC and making it the fourth-largest corporate Bitcoin holder. The purchase pushed the company past its fiscal 2025 goal early and came alongside a Phase II rollout to scale its Bitcoin income business. The firm also reported a 115.7% jump in quarterly revenue from its Bitcoin options trading and set aside $136.3 million to expand that business.
Who does this affect?
Metaplanet shareholders now have bigger exposure to Bitcoin through a much larger treasury and recent institutional investors like Capital Group, which holds an 11.45% stake. Crypto traders, institutional investors, and funds watching corporate treasuries will be paying close attention because this signals continued corporate demand for Bitcoin. Vendors in custody, derivatives trading, and crypto media also stand to gain as Metaplanet scales products like Bitcoin.jp and its options operations.
Why does this matter?
Larger corporate accumulation removes Bitcoin from the liquid market and can put upward pressure on prices if the buying trend continues. By monetizing holdings via options instead of selling spot, Metaplanet is increasing derivatives liquidity while keeping long-term supply constrained, which can amplify price moves. With big-name institutional backing and fresh capital, the corporate-treasury model looks more credible and could attract more capital into Bitcoin, raising volatility and market interest around similar plays.