Japanese technology firm Metaplanet Inc. has solidified its position as a major player in the cryptocurrency space by acquiring an additional 319 Bitcoin (BTC) for approximately ¥3.78 billion ($26.3 million). This purchase elevates Metaplanet’s total holdings to 4,525 BTC, positioning it as the ninth-largest publicly listed corporate holder of Bitcoin globally and the largest in Asia.
The latest acquisition was made at an average price of ¥11.85 million ($83,147) per BTC, bringing the company’s aggregate cost basis to $408.1 million, with an average acquisition price of $90,194 per coin. Metaplanet’s aggressive Bitcoin accumulation strategy, initiated in December 2024, aims to enhance shareholder value through digital asset holdings. The company evaluates its performance using “BTC Yield,” a metric measuring Bitcoin holding growth relative to shares outstanding. For Q1 2025, Metaplanet reported a BTC yield of 95.6%, with a year-to-date figure of 6.5% as of April 14.
To fund its Bitcoin acquisitions, Metaplanet has employed various capital market activities, including bond issuances and stock acquisition rights, enabling the company to raise substantial funds while minimizing shareholder dilution. Approximately 41.7% of the company’s “210 million plan” has been executed to date.
Metaplanet’s strategic pivot to Bitcoin accumulation mirrors the approach pioneered by Nasdaq-listed Strategy Inc., which has become the world’s largest corporate holder of Bitcoin. By leveraging financial instruments and market opportunities, Metaplanet has rapidly expanded its Bitcoin reserves, demonstrating a commitment to integrating digital assets into its corporate treasury strategy.
This latest move underscores Metaplanet’s dedication to establishing itself as a significant entity in the cryptocurrency market, reflecting a broader trend of public companies embracing Bitcoin as a strategic asset.
