Metaplanet purchased 518 Bitcoin on Tuesday for $61.4 million at an average price of $118,519 per BTC. The new acquisition increased the Tokyo-listed company’s total Bitcoin holdings to 18,113 BTC, worth about $2.15 billion at current market prices.
The company’s average purchase price is now $101,911 per Bitcoin, according to the disclosure. This positions Metaplanet as the sixth-largest public company Bitcoin holder, based on BitcoinTreasuries.NET data. The top five holders are Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot.
Led by CEO Simon Gerovich, Metaplanet recently announced plans to raise up to 555 billion Japanese yen (about $3.7 billion) through perpetual preferred shares. The funds are intended to support the company’s acquisition strategy, which includes adding more Bitcoin to its corporate treasury.
Smarter Web Company Bitcoin Acquisition Hits $35.2M
The Smarter Web Company, a London-listed web design and Bitcoin treasury firm,disclosed on Tuesday that it bought 295 BTC for 26.3 million pounds (approximately $35.2 million) at an average cost of $119,412 per Bitcoin.
Part of the purchase was funded by a $10.2 million equity raise completed a day earlier. The company also secured $21 million last week through a Bitcoin-denominated bond offering. Both moves contributed to the funding of this Bitcoin acquisition.
Following the latest purchase, Smarter Web holds 2,395 BTC with an average cost of $110,555 per Bitcoin, totaling $264.8 million in acquisition value. At current market prices, these holdings are worth about $284.8 million, leaving the company with an unrealized gain of roughly $20 million.
In July, Smarter Web acquired over 1,500 BTC, which moved it from 36th to 23rd place in the global public company Bitcoin rankings. The company’s pace puts it close to entering the top 20 among corporate Bitcoin holders.
Corporate Bitcoin Holdings Surpass $100B
According to BitcoinTreasuries.NET, public companies now collectively hold 791,662 BTC, representing almost 4% of Bitcoin’s circulating supply. The combined value of corporate Bitcoin holdings surpassed $100 billion as of July.
Analyst Willy Woonoted that the growing concentration of Bitcoin in corporate treasuries could create a central point of vulnerability. He compared the risk to gold reserves in 1971, when the U.S. government under President Richard Nixon suspended gold convertibility.
Woo suggested that a similar move could theoretically be applied to corporate Bitcoin holdings, where a government could centralize reserves. His comments draw a direct historical parallel to the end of the gold standard, which impacted institutional gold storage.
