Metaplanet Buys $15M Bitcoin As Shares Implode 32% In A Month

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Metplanet Clears Path To Increase $3.7 Billion Treasury Firm NAVs Slide Even After BTC Reached A New ATH Associated Articles:

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Japan-based Bitcoin treasury agency Metaplanet added $15.2 million price of BTC to its holdings on Thursday, at the same time as its shares plunged 3%, extending a month-long slide of virtually 32%.

The most recent buy is a part of Metaplanet’s aggressive plan to develop its Bitcoin stockpile towards 210,000 cash by 2027, supported by a possible $3.7 billion capital elevate.

However traders stay cautious, with analysts citing profit-taking, potential share issuances, and market uncertainty as causes the inventory stays below strain.

Metaplanet share worth (Supply: Google Finance)

Metplanet Clears Path To Increase $3.7 Billion

In accordance to the corporate’s CEO Simon Gerovich, his agency purchased a further 136 BTC at a median buy worth of $111,666 per coin earlier at present.

The most recent purchase has pushed Metaplanet’s holdings to twenty,136 BTC, valued at roughly $2.08 billion, he stated. These cash have been purchased at a imply worth of round $103,196 per BTC.

Metaplanet is at the moment the biggest company Bitcoin holder in Asia, and is ranked at quantity six globally by way of the quantity of BTC held on its steadiness sheet, information from Bitcoin Treasuries exhibits.

The latest purchase now locations the corporate lower than 4,000 BTC away from surpassing crypto mining agency Riot Platforms because the fifth-biggest company Bitcoin holder globally.

The corporate might preserve climbing the company Bitcoin rankings, particularly with Metaplanet’s aim to amass 210,000 BTC by the tip of 2027.

As a part of that goal, the corporate’s backers have cleared a path for Metaplanet to boost one other $3.7 billion to develop its BTC reserves.

That’s after a unprecedented normal assembly final week wherein the corporate’s traders backed amendments to Metaplanet’s articles of incorporation. One of many amendments included increasing Metaplanet’s approved shares to 2.7 billion.

Metplanet’s board of administrators then authorized the amendments as effectively, however the firm will nonetheless must authorize the precise issuance phrases. Metaplanet will even must file detailed registration statements to native regulators earlier than it may proceed with the plan.

Whereas Metaplanet’s traders and board of administrators have agreed to increase the corporate’s approved shares, there stays one main impediment that might make elevating the capital tough.

Treasury Firm NAVs Slide Even After BTC Reached A New ATH

A report from York Digital Funding Group (NYDIG) has additionally highlighted that premiums of digital asset treasury companies are falling, and predicted that these woes are more likely to proceed.

NYDIG world head of analysis Greg Cipolaro stated in a report that the hole between inventory worth and internet asset values (NAV) of main BTC treasury firms akin to Metaplanet and Technique “proceed to compress” even after the biggest crypto by market cap soared to a brand new all-time excessive (ATH).

BREAKING: Complete #Bitcoin held by publicly traded firms globally simply handed 1,000,000 BTC.
Almost 5% of all of the BTC that may ever be 🔥 pic.twitter.com/LVGGYbGBfQ
— BitcoinTreasuries.NET (@BTCtreasuries) September 4, 2025

Not solely has Metaplanet’s share worth been in a downtrend prior to now month, the identical pattern is noticed for main Bitcoin treasury agency Technique (previously MicroStrategy).

The Michaal Saylor-led agency has seen its inventory worth plummet 15% throughout the identical interval. Nonetheless, it did rise greater than 2% on Sept. 5 to shut off the week within the inexperienced.

Cipolaro stated there isn’t any fundamental motive for that growing hole, including that elements akin to “investor nervousness over forthcoming provide shocks, altering company goals from DAT administration groups, tangible improve in share issuances, investor profit-taking, and restricted differentiations throughout treasury methods” might all be behind the rising hole.

The analyst additionally famous that many treasury firms, together with KindlyMD and Twenty One Capital, are at the moment buying and selling at or under the worth of latest fundraises.

That’s after Bitcoin soared to a brand new ATH at $124,457.12 on Aug. 14. It has since pulled again round 10% to commerce at $110,955.47 as of 1:38 a.m. EST, in accordance to information from CoinMarketCap.

The NYDIG analyst warned within the report that the crypto treasury companies would possibly have to brace for a “bumpy rise forward,” as many traders watch for mergers or financing offers to go public. This might result in a “substantial wave of promoting” from current shareholders, in accordance with the report.