Metaplanet Buys $623M Bitcoin: Is October Crypto Rally Imminent?

In the latest development within Metaplanet’s Bitcoin accumulation strategy , the Japanese investment firm has purchased 5,268 BTC worth approximately $623 million. This move has propelled the firm’s total holdings to 30,823 coins, solidifying its position as the world's fourth-largest publicly traded bitcoin treasury company.

Significantly, Metaplanet’s purchase has sparked a fresh wave of optimism within the crypto market, further bolstering speculations about a potential October rally. Now all eyes are on the implications for Bitcoin and the broader crypto market.

Metaplanet Becomes 4th Largest BTC Holder

The Japanese asset manager has taken to X earlier today to announce its latest purchase of 5.2k BTC. With this buy, its total portfolio hits 30,823 coins, becoming the 4th largest holder, surpassing Bitcoin Standard Treasury Company, Bullish, and Riot Platforms. While Michael Saylor’s Strategy stands at the top of the list, MARA Holdings and XXI follow.

Meanwhile, CEO Simon Gerovich revealed that the firm’s Q3 revenue surged to 2.438 billion yen ($16.5M), marking a 115.7% increase from the previous quarter. He wrote, “Q3 results demonstrate operational scalability and strengthen the financial foundation for our planned Metaplanet preferred share issuance, which supports our broader Bitcoin Treasury strategy.”

Significantly, the company aims to dominate Asia's BTC treasury landscape, targeting 1% of the global BTC market by 2027. To achieve this, the company plans to finance its purchases through preferred shares, avoiding dilution of common stock.

Uptober Rally Speculations Rise

Major crypto purchases are often a positive signal for a potential cryptocurrency market rally. Here, Metaplanet, being one of the largest holders of the pioneer digital asset, could be a significant market mover. As the firm is bolstering its portfolio, investors and analysts are remaining optimistic about a bull run in October, which is often called “Uptober.”

As CoinGabbar recently reported , the market is poised to experience a major breakout in the 2025 Q4, with Uptober, Moonvember, and Pumpcember looming. Adding fuel to these bullish anticipations, the Japanese investment giant’s move signals a major resurgence this month.

In addition, analyst Ash Crypto shared an X post , highlighting that the ALTS/BTC chart had broken out of a 4-year downtrend, with the RSI also breaking out. His analysis suggests that October would be bullish for the crypto. Driven by its dominance, liquidity is expected to flow into altcoins, potentially triggering an altseason.

Currently, the crypto is trading at $116,227, up by 2.56% over the past day. On a weekly and monthly basis, too, the coin has seen notable surges of 3.2% and 6%, respectively. The broader industry is also on an uptrend, reaching $3.99 trillion, marking a hike of 2.65%.