
Tokyo-listed Metaplanet has expanded its Bitcoin treasury to 20,000 BTC following a $112 million purchase, with shareholders approving a plan to raise $2.8 billion for further acquisitions by 2027.
Metaplanet acquired 1,009 BTC for $112 million at an average price of $110,720 per coin, increasing its total holdings to 20,000 BTC valued at over $2.1 billion. Shareholders approved a capital expansion plan allowing issuance of up to ¥555 billion ($3.8 billion) in preferred shares to fund a target of 210,000 BTC by 2027, equal to 1% of Bitcoin’s supply. CEO Simon Gerovich outlined two classes of perpetual equity, while Eric Trump participated as strategic advisor. The firm reported Q2 2025 profits of ¥11.1 billion ($75.1 million), a 41% increase, and ¥1.9 billion ($12.9 million) revenue from Bitcoin option sales. Metaplanet was also upgraded to mid-cap status in FTSE Russell’s September review.