Metaplanet Joins Top Five Public Bitcoin Holders After $632M Purchase

Metaplanet (3350) has overtaken Bullish (BLSH) to become the fifth-largest corporate bitcoin holder, following a $632.5 million acquisition of 5,419 BTC at an average price of $116,724 per coin.

This purchase adds to a year-to-date bitcoin gain of 395.1% for 2025. Metaplanet now holds a total of 25,555 BTC, valued at roughly $2.71 billion, with an average cost basis of $106,065 per bitcoin.

Dylan LeClair, Metaplanet’s head of bitcoin strategy, described the acquisition as “just the first tranche”, noting that the company recently raised $1.4 billion to continue expanding its holdings.

Capital B Expands Holdings
In a separate transaction, Capital B (ALCPB) acquired 551 BTC for $64.29 million, averaging $116,672 per bitcoin. This brings the company’s total bitcoin reserves to 2,800 BTC.

Market Performance
Despite these large purchases, both companies are trading below their recent acquisition prices, as bitcoin dipped to a low of $111,700 before recovering slightly to just under $113,000.

Metaplanet shares closed 3% lower at 589 yen, while Capital B slipped 1% to 1.14 euros in European trading. Both remain far below their all-time highs, with Metaplanet down 73% and Capital B down 81%.