Metaplanet Inc. moved back to the Bitcoin Zone as part of its financial plan, buying 136 Bitcoin at around $15.2 million with an average price of $111,783 per coin.
According to the company, it brings total holdings to 20,136 coins. This purchase will maintain metaplanet among larger corporate holders of crypto.
Metaplanet expands the bitcoin stack
The company reported fresh purchases on Monday. Based on the report, Metaplanet is currently positioned as Bitcoin’s sixth largest corporate holder.
At the time of purchase, Bitcoin traded around $111,580, bringing the new units closer to current market levels. The move highlights how some companies expose parts of their balance sheets to crypto rather than sticking to their core businesses alone.
The market reaction was cool
Metaplanet shares did not rise after disclosure. They were trading at Tokyo Booth on Monday at a 2.3% decline, trading near a four-month low, extending their nearly 20% defeat from the previous week.
The report shows Stockslide tracked the decline in Bitcoin prices after earning profits following record highs in August. Investors look skittish when a company’s stock price is firmly tied to unstable assets.
*Metaplanet gets an additional 136 $ BTCtotal holdings reach 20,136 btc* pic.twitter.com/c41t6bjg1l
– Metaplanet Inc. (@metaplanet_jp) September 8, 2025
Investor weights directly with ETFs
Some of the pushbacks come from alternatives. Funds currently trading on exchanges are giving Bitcoin exposure directly to retail and institutional investors without having to own a company whose core business does not reflect crypto bets.
The strategy, which was previously a micro strategy, remains the largest corporate holder with 636,505 coins. The strategy recorded a loss of nearly 15% in August as Bitcoin was pulled back, showing how the company’s valuations fluctuate in crypto prices.
Questions have been raised about whether Bitcoin is retained on the company’s balance sheet, whether it offers the same appeal as it used to be.
Evaluation and volatility concerns persist
Metaplanet’s market value is monitored as it exceeds the current market value of Bitcoin in the book – about $5 billion based on recent transactions.
Critics warn that by linking the company’s stock to Bitcoin, stocks could become more vulnerable to crypto volatility. New players, including Metaplanet and GameStop, have tried to copy the strategy and have achieved mixed results so far.
Market crowding could limit future profits
Analysts also point out the crowds. Many companies chasing the same story could blunt future benefits of Treasury and Play stocks if fresh buyers stop showing up.
The strategy achieved significant profits after purchase in late 2023 and was partially funded through large stock and debt issuances. With more investment routes now in existence, that path may be difficult to repeat.
For now, Metaplanet continues to be added to the Bitcoin pile, but stocks are under pressure. The report suggests that the next move by both Bitcoin and the market will determine whether the bet looks clever in hindsight or risky.
Unsplash featured images, TradingView charts
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