Metaplanet (3350) has overtaken Bullish (BLSH) to claim the position of 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 contributes to a staggering 395.1% year-to-date bitcoin gain for 2025. Metaplanet now holds a total of 25,555 BTC, valued at approximately $2.71 billion, with an average cost basis of $106,065 per coin.
Dylan LeClair, Metaplanet’s head of bitcoin strategy, emphasized that this is “just the first tranche”, noting the company has recently raised $1.4 billion to continue expanding its bitcoin holdings.
Capital B Expands Reserves
Separately, 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 Reaction
Despite the 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 ended 3% lower at 589 yen, while Capital B slipped 1% to 1.14 euros in European trading. Both remain significantly below their all-time highs, with Metaplanet down 73% and Capital B down 81%.
