That positions Metaplanet among the world’s top corporate holders of Bitcoin—behind only six other public companies. Strategy, led by Michael Saylor, still dominates with over 628,000 BTC, but Metaplanet’s rapid expansion has already earned it the nickname “the Japanese Strategy.”
The company isn’t shy about its ambitions either: its long-term target stands at 210,000 BTC, equal to about 1% of the total supply. This latest purchase is the firm’s first major move in August, following July’s record-breaking spree when 16 companies scooped up more than $7.8 billion in Bitcoin in a single month.
Bitcoin itself showed mild weekend weakness, slipping to $112,000 before rebounding as the new week began. With institutional demand at historic highs, all eyes are now on whether corporate accumulation will accelerate further into the fall.