Metaplanet Expands Bitcoin Treasury with 330 BTC Purchase as Market Tops $87,000
TLDR
Metaplanet purchased 330 BTC worth approximately $28 million at prices above $87,300
The company’s total Bitcoin holdings now stand at 4,855 BTC, valued at around $420 million
This marks Metaplanet’s third Bitcoin purchase this month
Metaplanet has become the tenth-largest public holder of BTC and the largest in Asia
The company aims to own 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by 2026
Japanese investment firm Metaplanet announced a fresh purchase of 330 Bitcoin on Monday as BTC prices moved above $87,300. This latest acquisition brings the company’s total holdings to 4,855 BTC, currently valued at approximately $420 million.
The purchase was made at an average price of ¥12.18 million per Bitcoin (about $85,605). In total, Metaplanet spent ¥4.02 billion (approximately $26-28 million) on this latest Bitcoin addition.
This marks the company’s third Bitcoin purchase in April 2025. Earlier this month, the Japanese firm became the tenth-largest public holder of Bitcoin worldwide and currently stands as the largest corporate Bitcoin holder in Asia.
Bitcoin Accumulation Strategy
Metaplanet has established an aggressive Bitcoin accumulation strategy since 2024. The company has set ambitious goals to own 10,000 Bitcoin by the end of 2025 and aims to possess 21,000 Bitcoin by 2026, which would represent roughly 1% of the total Bitcoin supply.
To track its performance, Metaplanet uses a custom metric called “BTC Yield.” This measures the growth of Bitcoin per fully diluted share of the company’s stock.
The firm’s BTC Yield for the current quarter stands at 12.1%. Previous quarters showed even stronger performance, with yields of 41.7% in Q3 2024, an impressive 309.8% in Q4 2024, and 95.6% in Q1 2025.
Metaplanet has stated it is on track to reach its goal of earning ¥3.0 billion (approximately $27.5 million) from its Bitcoin program this year. This will help meet the company’s total revenue target of ¥3.4 billion (about $31.3 million) for the year.
Financing Bitcoin Purchases
The company’s Bitcoin-focused strategy is supported by various capital market activities. These include issuing zero-coupon bonds and stock acquisition rights.
As of April 2025, Metaplanet had completed over 40% of its “210 Million Plan.” This fundraising initiative is linked to the issuance of 0% discount stock rights to EVO FUND.
The proceeds from these financial activities, which so far amount to over ¥35 billion (approximately $226 million), have been used to purchase Bitcoin. Most recently, on April 16, the company raised another $10 million through zero-interest bond issuance, which will also fund additional Bitcoin purchases.
Metaplanet’s stock on the Tokyo Stock Exchange is up nearly 0.9% since market open on Monday. This positive movement comes despite broader market instability.
Bitcoin has performed relatively better than U.S. equities during recent market volatility. U.S. equities lost $5.4 trillion in value in just two days after President Trump unveiled reciprocal tariffs earlier in April, which sent the Nasdaq tumbling down 11%. In comparison, Bitcoin fell a relatively smaller 6% during the same period.
Metaplanet is not the only Japanese firm increasing its Bitcoin holdings. Fashion brand ANAP Holdings purchased approximately 16.66 BTC, valued at around 200 million yen (approximately $1.4 million), last week.
ANAP’s Bitcoin holdings will be overseen by its subsidiary, ANAP Lightning Capital. The company plans to conduct quarterly market value assessments of its BTC holdings, with any gains or losses reflected in its profit and loss statements.
The continued Bitcoin purchases by Japanese firms come as the cryptocurrency market shows signs of recovery, with BTC moving above $87,300 and reversing last week’s losses.
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Filed under: News - @ April 21, 2025 9:23 am