Japanese investment company Metaplanet has added 780 Bitcoin to its treasury, raising its total holdings to 17,132 BTC—now valued at more than $2 billion. This aggressive crypto accumulation places Metaplanet as the only non-U.S. company in the top 10 global Bitcoin holders and ranks it seventh overall.

The latest purchase cost approximately $92 million, with an average price of $118,145 per BTC. Metaplanet has now spent roughly $1.7 billion on Bitcoin at an average acquisition cost of $99,640 per coin. With Bitcoin trading slightly above their latest buy-in price at $118,171, the company’s bet remains well-timed.

This move places Metaplanet ahead of Galaxy Digital’s 12,830 BTC and just behind Trump Media & Technology Group’s 18,430 BTC. However, MicroStrategy remains the leader with over 607,000 BTC—valued above $72 billion.

Metaplanet’s strategy isn’t just about stacking coins. CEO Simon Gerovich revealed plans to use Bitcoin reserves to acquire revenue-generating businesses, including potentially a digital bank in Japan. He emphasized their approach is uniquely suited for Japan’s regulatory and financial environment.

The company’s Bitcoin-first model has paid off in the equity markets too. Its stock has skyrocketed 517% over the past year and 246% year-to-date. Shares rose 5% in a single day, trading at $8.36, with a market cap now topping ¥1 trillion.

Metaplanet’s rise signals a growing appetite for Bitcoin treasury strategies outside the U.S., and positions the firm as a potential blueprint for crypto-aligned public companies in Asia and beyond.