- Japanese firm Metaplanet has been upgraded to a mid-cap stock and included in the FTSE Japan Index, giving global passive investors indirect exposure to its Bitcoin treasury strategy.
- Metaplanet’s aggressive Bitcoin accumulation has propelled it to become the seventh-largest public corporate holder of BTC, with 18,888 coins, outpacing companies like Tesla and Coinbase.
- Also, Strategy made its largest buy of the month, acquiring 3,081 BTC for US$356.9 million, bringing its total holdings to over 632,000 BTC.
Metaplanet has been upgraded from a small-cap to a mid-cap stock in FTSE Russell’s September 2025 Semi-Annual Review, securing inclusion in the FTSE Japan Index.
The index now automatically funnels Metaplanet into the FTSE All-World Index, giving global passive investors indirect exposure to Bitcoin through the company’s treasury strategy.
Metaplanet’s Q2 results propelled the move. The firm reported year-to-date gains of 187% as of August, compared to just 7.2% for the TOPIX Core 30, which is Japan’s blue-chip benchmark featuring Toyota, Sony, and Nintendo.
According to BitcoinTreasuries, Metaplanet holds 18,888 BTC, ranking as the seventh-largest public company by Bitcoin reserves. Its stash eclipses holdings by Coinbase, Tesla, and miner Hut 8, cementing its status as Japan’s largest corporate Bitcoin holder.
Related: Crypto Carnage Crosses Continents: Billions Flee US ETFs as Australian Bitcoin Funds Tumble
Metaplanet suddenly pivoted in 2024 to become a full-time Bitcoin treasury vehicle. CEO Simon Gerovich has indicated the company will use part of its Bitcoin reserves to acquire income-generating businesses, with digital banks or firms tied to digital assets under consideration.
Executives have set an ambitious target of 210,000 BTC by 2027, roughly 1% of Bitcoin’s fixed 21 million supply, as reported.
Strategy Adds a Few Thousand Bitcoins
On similar news, Strategy, formerly MicroStrategy, disclosed its largest buy of the month: 3,081 BTC for US$356.9M (AU$542.5M), having paid an average of US$115,829 (AU$176,068) per coin, financed through proceeds from Class A common stock and preferred share sales.
The purchase lifts Strategy’s holdings to 632,457 BTC, acquired at a cumulative cost of US$46.5B (AU$70.7B). Its average entry price now stands at US$73,527 (AU$111,765). At current levels, the position is valued at about US$70.56 B (AU$107.3 billion), leaving the company up 51.7%.
The buy follows some recent smaller acquisitions of 155 BTC and 430 BTC, as Crypto News Australia reported. Year-to-date, its Bitcoin exposure has returned 25.4%.
Related: Bitwise Unveils 10-Year Bitcoin Outlook: High Returns, High Volatility Ahead
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