Metaplanet has acquired 5,419 Bitcoin for approximately $632.53 million, according to a filing with the Tokyo Stock Exchange on Monday. 

The purchase, made at an average price of $116,724 per coin, increases the company’s total holdings to 25,555 Bitcoin, valued at about $2.8 billion with an average cost basis of $106,065.

Dylan LeClair, head of Bitcoin strategy at Metaplanet, commented on X, “please note this purchase is just the first tranche!” 

His statement referred to the company’s recently completed $1.4 billion fundraising round, which was partly allocated for Bitcoin acquisitions.

The additional purchase places Metaplanet ahead of Bullish as the fifth-largest corporate holder of Bitcoin, following Strategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company. 

The company’s total holdings now account for 85.2% of its stated goal of 30,000 Bitcoin by the end of 2025, with a longer-term target of 100,000 Bitcoin in 2026. 

Metaplanet also reported Bitcoin Yield, a metric comparing Bitcoin holdings to fully diluted shares, of 95.6% in the first quarter of 2025 and 129.4% in the second quarter.

The acquisition was primarily funded through proceeds from an international share offering that raised $1.4 billion, with $1.25 billion allocated to Bitcoin purchases. Roughly half of those funds have been used in this transaction. 

The company has also expanded its operations by establishing Metaplanet Income Corp. in Miami with $15 million in initial capital to manage derivatives independently of its treasury activities. 

In Japan, it created Bitcoin Japan Inc. to oversee media, events, and related services, and acquired the Bitcoin.jp domain name.

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