- Metaplanet boosts Bitcoin holdings by acquiring 136 BTC, raising total holdings to 20,136 BTC.
- Eric Trump confirms Metaplanet as his sole Asian partner, easing community speculation.
- The firm targets 210,000 BTC by 2027, reinforcing its Strategy-style strategy.
Metaplanet has strengthened its standing in Asia’s Bitcoin market through two major developments this week. Eric Trump reaffirmed the company as his exclusive Asian partner, while Metaplanet expanded its Bitcoin holdings with a new purchase. The announcement calmed speculation about Eric’s role and reinforced the company’s accumulation strategy modeled after Strategy.
Eric’s Exclusive Endorsement
Eric Trump spoke in Tokyo earlier this month, confirming that Metaplanet is his only Asian partner. His statement followed community speculation about the nature of his advisory role, which began in March. Trump has increased his presence in Asia’s crypto space, attending Metaplanet’s shareholders’ meeting and the Bitcoin Asia conference in Hong Kong.
By naming Metaplanet as his sole Asian partner, Trump signaled long-term support for the Japanese treasury firm. This endorsement also brings on board political weight as Metaplanet attempts to broaden its presence across borders.
Trump’s involvement comes as his family explores broader crypto ventures across global markets. His Metaplanet association underscores the way the firm is establishing itself as an institutional Bitcoin leader in Asia. This has boosted confidence in the company’s strategy as it seeks bigger holdings.
New Bitcoin Purchase
Alongside Eric’s confirmation, Metaplanet disclosed another significant Bitcoin acquisition. On September 8, the firm announced it had purchased 136 bitcoins. The purchase cost approximately $15.2 million at an average price of $111,666 per bitcoin.
This brings Metaplanet’s total holdings to 20,136 bitcoins. The company acquired these for an average price of $103,196 per bitcoin, spending about $2.08 billion. The latest move aligns with CEO Simon Gerovich’s long-term goal of building one of the world’s largest corporate Bitcoin treasuries.
Gerovich has repeatedly compared Metaplanet’s strategy to Strategy’s accumulation model. He set a target of 210,000 bitcoins by 2027. Achieving this goal would make Metaplanet the second-largest public corporate Bitcoin holder behind Michael Saylor’s Strategy.
According to BitcoinTreasuries data, Metaplanet now ranks sixth globally in Bitcoin reserves among publicly traded companies. The firm remains Japan’s top corporate holder, far ahead of other local treasuries. Its role as a leading Asian player continues to grow with each purchase.
Related: Bitcoin Holds at $110K: Will Fed Rate Cut Push it Beyond $120K?
Market Impact and Expansion Plans
Metaplanet’s stock performance has been volatile despite its steady Bitcoin purchases. On Monday, shares fell 1.2% in Japan during midday trading. U.S.-traded shares also closed 1.6% lower on Friday. The stock has declined 30% in the past month but remains up 101% year-to-date.
Earlier this summer, the company announced plans to raise $880 million through a public share offering in overseas markets. The raise was intended to support its capital-raising “flywheel,” though recent share declines added pressure to that strategy.
Despite short-term share declines, Metaplanet continues to increase its Bitcoin reserves consistently. The company’s holdings signal a firm commitment to long-term accumulation. With Eric Trump’s backing and aggressive acquisition targets, Metaplanet is reinforcing its identity as Asia’s version of Strategy.
