Metaplanet Crosses 5K BTC in Latest Purchase, Halfway to Target

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6 hours ago

Metaplanet Inc. has crossed a significant threshold in its Bitcoin accumulation strategy, hitting the halfway mark in its goal to hold 10,000 coins by the end of 2025.


The Tokyo Exchange-listed investment firm announced Wednesday it had acquired an additional 145 BTC for approximately $13.6 million (¥1.926 billion) at an average price of $93,327 per coin (¥13,280,472). 



The purchase brings the company’s total Bitcoin holdings to roughly $428 million, maintaining its position among the top 10 publicly listed Bitcoin holders worldwide, as per Bitcoin Treasuries data.


“This is a big step forward in our aim to become one of the world's leading bitcoin holding companies,” CEO Simon Gerovich said on X, formerly Twitter. “We will lead the global bitcoin race from Japan.”


Metaplanet has purchased over 1,650 BTC across five separate transactions this month alone, adding nearly $153 million worth of Bitcoin to its treasury, ultimately seeking to acquire 21,000 BTC by the end of 2026. 


The milestone follows an aggressive acquisition streak that began in mid-2024, fueled by a $745 million (¥116 billion) capital raise dubbed ‘Asia’s largest-ever,’ structured around zero-discount moving strike warrants. 


The company’s “21 Million Plan” seeks to give Metaplanet the flexibility to buy Bitcoin in tranches, allowing the company to optimize entry points and avoid unnecessary dilution.


Modeled after Michael Saylor’s tech firm Strategy’s pivot from software to Bitcoin treasury, Metaplanet uses a proprietary metric called BTC Yield to measure Bitcoin-per-share growth. 


“From January 1, 2025, to March 31, 2025, the Company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025, to April 24, 2025, the Company’s BTC Yield is 13.0%,” according to the company statement. This is after posting a massive 309.8% in Q4, 2024.


Even with the big Bitcoin buy, Metaplanet’s stock took a hit, down 4.57% to $2.49, based on Google Finance figures.


Edited by Sebastian Sinclair


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