Metaplanet is working toward a bold goal. If its plan succeeds the company could become one of the largest Bitcoin holders in the world. It would sit just behind the firm led by Michael Saylor which has set the standard for corporate Bitcoin accumulation.
This comparison has raised a simple question. Is Michael Saylor directly involved in Metaplanet strategy. There is no public proof of that. But there are signals that large institutions see both companies as part of the same long term idea.
One of those institutions is Norges Bank. It already has strong exposure to the Bitcoin treasury model through its holding in the Saylor led company. By late 2025 that position had grown into a stake worth more than one billion dollars. This shows long term confidence rather than short term trading.
What stands out now is Norges Bank slow but steady move into Metaplanet. Its ownership has risen from about zero point three percent in June to nearly zero point five percent today. This growth may look small on the surface. But for a cautious global fund it sends a clear message.
The pattern suggests a quiet strategy. Instead of betting on one company or one region Norges Bank appears to be spreading exposure across Bitcoin focused firms in different markets. One in the United States and one in Asia. This looks like a way to treat Bitcoin treasury stocks as a new type of investment rather than a single risky bet.
Market prices reflect this growing interest. Metaplanet shares recently traded near four hundred four yen after a modest daily gain. The Saylor led stock also moved higher on the same day. These moves show that investors are paying attention even if the headlines stay calm.
At the same time there is an important shift happening inside Metaplanet itself. The company has paused new Bitcoin purchases since late September. This has surprised many observers who expected constant buying.
The reason appears practical rather than emotional. Metaplanet market value relative to its assets slipped below one times. When this happens issuing new shares to buy more Bitcoin becomes less efficient. Waiting may protect existing shareholders instead of diluting them.
This pause puts more weight on the upcoming Extraordinary General Meeting scheduled for twenty two December. That meeting could define the next phase of the company plan. Investors will be watching closely for clarity on funding and future accumulation.
Metaplanet has previously shared an ambition to grow its Bitcoin holdings from thirty thousand to one hundred thousand by 2026. That goal now feels less certain in timing. But the company balance sheet still looks strong and flexible.
What matters most is intent. Metaplanet is not chasing short term price moves. It is building a structure designed to survive market cycles. This is what separates a serious treasury strategy from a headline driven one.
In the bigger picture Metaplanet shows that the Bitcoin standard can adapt to different regions and corporate cultures. Even within a listed Asian company the model can evolve in a careful and disciplined way.
This story is not about hype. It is about patience planning and quiet conviction.
