From “No. 2 in Asia” to “No. 2 in the World”: Metaplanet Took Two Years to Become the World’s Second-Largest BTC Treasury Company

Odaily Planet Daily reports that Metaplanet CEO Simon Gerovich posted a lengthy statement on X today, saying that in the third quarter, Metaplanet sold and repurchased Bitcoin. The amount sold exceeded the total outstanding principal of the company’s bonds, borrowings, and other interest-bearing liabilities. It subsequently repurchased more Bitcoin than it had sold, increasing its holdings by a net 1,000 BTC.
As of September 30, Metaplanet held 44,000 BTC, making it the world’s second-largest publicly listed Bitcoin treasury company. The company also introduced a net interest income strategy aimed at establishing a recurring revenue stream and lowering its cost of capital.
It is worth noting that in October 2024, Metaplanet’s BTC holdings rose to 1,018.17 BTC, making it the second-largest corporate Bitcoin holder in Asia at the time, behind only Boyaa Interactive.