Japanese financial firm Metaplanet Inc. has surged into the top five of publicly listed companies holding Bitcoin globally. The company announced on Monday that it has acquired 5,419 Bitcoin, valued at approximately $632.53 million.

This latest purchase brings the Tokyo Stock Exchange-listed investment firm's total Bitcoin holdings to 25,555 BTC, with a total value of around $2.91 billion. The average purchase price per Bitcoin stands at $106,065. Metaplanet formally established its Bitcoin reserve strategy in December 2024.

According to data from Bitcoin Treasuries, this acquisition propels Metaplanet ahead of Bullish, the exchange backed by US Silicon Valley investor Peter Thiel, to claim the fifth position among corporate Bitcoin holders. The company now trails only Strategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company in the rankings.

The purchase was funded primarily through the company's recent $1.45 billion stock issuance. This strategic move means Metaplanet has now reached 85.2% of its stated goal of holding 30,000 Bitcoin by the end of 2025. Furthermore, the company is already a quarter of the way toward its more ambitious target of 100,000 Bitcoin by 2026.

Dylan LeClair, Metaplanet's Head of Bitcoin Strategy, hinted at further acquisitions in a social media post on Monday, stating, "Please note, this purchase is just the first tranche!"

Simon Gerovich, President of Metaplanet, emphasized the strategy's success, saying the business has become a driver of the company's growth, consistently generating revenue and net profit.

The company has reported impressive returns from its Bitcoin holdings, with a Bitcoin-denominated yield of 95.6% in Q1 2025 and 129.4% in Q2 2025.

As Bitcoin gains increasing acceptance among institutional investors and corporate treasuries, industry observers are highlighting the importance of preserving the asset's core principles.

Lionel Iruk, Senior Advisor at Nav Markets and Managing Partner at Empire Legal, commented on this dynamic, stating, “Any push for adoption must preserve Bitcoin's decentralized ethos.” He added, “Excessive centralization or compromise of BTC's core principles would risk undermining the very characteristics that set Bitcoin apart and drive its global credibility and appeal.”

Iruk pointed out that Bitcoin's value proposition lies in remaining "independent, transparent, and censorship-resistant," even as it "gains legitimacy within traditional finance channels."

In a related recent development, Metaplanet established a Miami-based subsidiary, Metaplanet Income Corp. The new entity, capitalized with $15 million, is designed to separate the company's derivatives business from its treasury activities, reflecting a more structured approach to managing its expanding Bitcoin-related operations.