Japanese public company Metaplanet Inc. (TSE: 3350) announced on October 1, 2025, that it purchased approximately 5,268 to 5,288 BTC for $615.67 million at an average price of $116,870 per Bitcoin.
This acquisition brings the company’s total holdings to 30,823 BTC, valued at around $3.33 billion, making it the fourth-largest corporate Bitcoin holder globally—behind leaders like MicroStrategy, Marathon Digital, and Tesla.
Metaplanet has now surpassed its fiscal year 2025 target of 30,000 BTC, with CEO Simon Gerovich highlighting a “Bitcoin yield” of 497.1% for the year.This move aligns with Metaplanet’s aggressive Bitcoin treasury strategy, inspired by MicroStrategy’s model, where BTC serves as a hedge against yen inflation and a core reserve asset.
The company, originally focused on Web3 and hotel renovations, has pivoted heavily into crypto, raising $1.4 billion through fundraising and establishing subsidiaries in Japan and the US to support expansion.
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Q3 2025 revenue surged 116% to $16.7 million, driven by Bitcoin-related options trading, prompting upward revisions to full-year forecasts: $46.26 million in revenue up ~100% and $31.97 million in operating profit up 88%.
Market reaction was mixed—Metaplanet’s shares dipped ~10% amid broader volatility, but the purchase contributed to Bitcoin’s push toward $116,000 and a 2.96% crypto market gain over 24 hours. Analysts see this as a bullish signal for institutional adoption in Asia, potentially tightening BTC supply and boosting long-term prices.
BNB Twitter Account Gets Hacked
Early on October 1, 2025 (Asian session), the official English X (formerly Twitter) account for BNB Chain (@BNBCHAIN, ~4M followers) was compromised by unidentified hackers.
The attackers posted phishing links disguised as a “large-scale airdrop” for BNB holders, prompting users to connect wallets via WalletConnect to fake Binance sites— a classic scam to drain funds.
One post even promoted a memecoin ($4, CA: 0x0A43fC31a73013089DF59194872Ecae4cAe14444), which briefly trended before CZ mocked the hacker. Binance co-founder Changpeng Zhao (CZ) quickly confirmed the breach on his personal account, warning: “ALERT: The @BNBCHAIN X account is compromised.
The hacker posted a bunch of links to phishing websites that ask for Wallet Connect. Do NOT connect your wallet. Security teams have notified X already, working to suspend the account first, then restore access.” The Chinese BNB Chain account (@BNBCHAINZH) echoed this, stating the English handle was “hacked” and under emergency repair—users should ignore all links.
Access was restored later that day, with no confirmed financial losses reported yet, though phishing sites were taken down. Experts suspect social engineering or a third-party app vulnerability, criticizing X’s platform security.
BNB price dipped only ~1%, showing market resilience, but it underscores ongoing risks for crypto social channels—similar to past incidents like Robinhood’s 2023 hack.
Enable MFA, verify via official sites, and avoid unsolicited wallet connections.These events highlight contrasting crypto narratives: Metaplanet’s bold accumulation fueling optimism, versus persistent security threats testing community vigilance.
The acquisition contributed to Bitcoin’s surge toward $116,000 and a 2.96% crypto market gain in 24 hours. Continued corporate buying could sustain upward price pressure, especially if global economic uncertainties (e.g., yen inflation) persist.
By emulating MicroStrategy’s model, Metaplanet legitimizes Bitcoin as a corporate treasury asset, potentially shifting investor perceptions from speculative to strategic.
Metaplanet’s pivot to Bitcoin is a direct response to Japan’s economic challenges, including yen depreciation and low interest rates. This could set a precedent for other firms in inflationary economies to adopt crypto as a store of value.
The company’s 497.1% “Bitcoin yield” and 116% Q3 revenue growth demonstrate how crypto holdings can enhance corporate profitability, especially via options trading and strategic BTC accumulation.
Large-scale corporate BTC holdings may attract stricter oversight in Japan, where crypto regulations are evolving. This could impact Metaplanet’s operations or future fundraising.
With 30,823 BTC ~0.15% of total supply now locked in Metaplanet’s treasury, and similar moves by MicroStrategy and others, Bitcoin’s circulating supply could tighten, potentially amplifying price increases during bullish cycles.
Implications of BNB Chain Twitter Account
The hack exposes ongoing weaknesses in X’s security, particularly for high-profile crypto accounts. Social engineering or third-party app breaches highlight the need for stronger authentication like MFA and platform-level protections.
Phishing scams targeting wallet connections underscore the persistent threat to retail investors. Even with no reported losses, such incidents erode trust in centralized platforms like Binance and their associated chains.
While Binance’s swift response mitigated harm, the hack reinforces perceptions of crypto as a high-risk space, potentially deterring new users or institutional partners.
The incident will likely prompt crypto projects to tighten social media security, review third-party integrations, and educate users on phishing risks. Expect more emphasis on decentralized communication channels with verified admins.
Metaplanet’s acquisition signals institutional maturity and optimism, while the BNB hack highlights persistent security challenges, illustrating crypto’s dual nature as both a transformative asset class and a target for bad actors.