Metaplanet Boosts Bitcoin Holdings with $28.2M Purchase

8 days ago

KEY FACTS: Metaplanet has solidified its position as Asia’s largest corporate Bitcoin holder and the world’s 10th-largest by acquiring 330 BTC for $28.2 million, pushing its total holdings to 4,855 BTC, valued at approximately $414 million. This purchase, part of a strategy to amass 21,000 BTC by 2026, comes amid market volatility driven by U.S. tariff concerns, yet the firm’s stock rose nearly 0.9% on the announcement day. With a 967% stock surge over the past year and a 119% year-to-date Bitcoin return, Metaplanet’s innovative financing and options strategies have positioned it as a pioneer in Japan’s growing corporate Bitcoin adoption, drawing comparisons to MicroStrategy.

Source: Simon Gerovich/ X

Metaplanet Boosts Bitcoin Holdings with $28.2M Purchase

Japanese investment firm Metaplanet has once again expanded its Bitcoin portfolio, pushing its total holdings beyond the $400 million mark. The Tokyo-listed company announced on April 21 that it acquired an additional 330 Bitcoin (BTC) for $28.2 million, purchased at an average price of $85,605 per BTC. This latest acquisition brings Metaplanet’s total Bitcoin stash to 4,855 BTC, valued at approximately $414 million. The announcement, made via a post by Metaplanet’s CEO Simon Gerovich on the social media platform X, highlights the firm’s aggressive strategy to accumulate Bitcoin while thew market keeps fluctuating.

Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin.
Source

The purchase marks Metaplanet’s third Bitcoin acquisition this month, a period marked by wider market uncertainty driven by concerns over U.S. tariff policies under President Donald Trump. Despite these challenges, Metaplanet’s stock on the Tokyo Stock Exchange rose nearly 0.9% on the day of the announcement, showing investor confidence in the firm’s cryptocurrency-focused strategy.

Metaplanet’s recent purchase is part of its ambitious plan to amass 21,000 BTC by the end of 2026, a goal that aligns with its mission to drive Bitcoin adoption across Japan. The company, often dubbed “Asia’s MicroStrategy” due to its parallels with the U.S.-based software firm led by Bitcoin advocate Michael Saylor, has rapidly climbed the ranks of corporate Bitcoin holders. With its current holdings, Metaplanet now stands as the world’s 10th-largest public company with Bitcoin exposure, according to data from BitcoinTreasuries.net.

Source: Bitbo

The firm’s Bitcoin strategy, initiated in April 2024, has been characterized by a combination of direct purchases, options trading, and innovative financing methods. Earlier this month, Metaplanet solidified its position in the top 10 global corporate Bitcoin holders after acquiring 319 BTC for $26.3 million. The company has also leveraged zero-coupon, dollar-denominated bonds to fund its acquisitions, a tactic that allows it to avoid financial strain while capitalizing on Bitcoin’s long-term potential. In April alone, Metaplanet reported a Bitcoin yield of 12.1%, contributing to a staggering 119% year-to-date return on its Bitcoin investments.

A key metric in Metaplanet’s strategy is its “BTC Yield,” which measures the growth of its Bitcoin holdings relative to its fully diluted shares. This custom performance indicator has become a cornerstone of the company’s approach, reflecting its focus on enhancing shareholder value through cryptocurrency. In the first quarter of 2025, Metaplanet achieved a BTC Yield of 95.6%, far surpassing its quarterly benchmark of 35%. This followed an extraordinary 309.8% yield in the final quarter of 2024, underscoring the firm’s ability to capitalize on Bitcoin’s price movements and strategic acquisition methods. Gerovich hinted Metaplanet’s embrace of a “buy-the-dip” mentality as he wote in a recent post:

“Bitcoin’s volatility is a natural part of an asset that is truly rare, diversified, and has long-term potential...”

This approach has allowed the company to accumulate Bitcoin at favorable prices, even as broader markets grapple with economic uncertainties. Metaplanet’s latest purchase comes at a time when Bitcoin’s price has surged above $87,300, recovering from a 6% dip earlier in April triggered by Trump’s reciprocal tariff announcements. While U.S. equities lost $5.4 trillion in value over two days following the tariff news, Bitcoin has proven relatively resilient, reinforcing its appeal as a hedge against traditional market volatility. Metaplanet’s continued acquisitions show its confidence in Bitcoin’s role as a store of value, particularly in an era of financial instability.

The company’s strategy has drawn comparisons to MicroStrategy, which holds over 528,000 BTC valued at more than $35 billion. However, Metaplanet is carving out its path by tailoring its approach to the Japanese market. Unlike MicroStrategy, which relies heavily on debt financing, Metaplanet has utilized a mix of bond issuances and options strategies, such as selling cash-secured put options, to lower its effective acquisition costs. This innovative approach has allowed the firm to acquire more Bitcoin per yen deployed, maximizing the efficiency of its capital.

Metaplanet is not alone in its bullish stance on Bitcoin within Japan. The country has seen a surge in corporate interest in cryptocurrency, with firms like fashion brand ANAP Holdings recently purchasing 16.6591 BTC valued at approximately $1.4 million. However, Metaplanet’s scale and ambition set it apart, positioning it as a pioneer in Japan’s corporate Bitcoin adoption. The company’s roadmap to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026 signals a long-term commitment to transforming Japan’s financial sector.

This trend is part of the global movement, with public companies worldwide increasing their Bitcoin holdings by 16% in the first quarter of 2025, according to a report by Bitwise. Total corporate Bitcoin holdings reached approximately 688,000 BTC by the end of March, valued at around $57 billion. Metaplanet’s rapid ascent to the top 10 underscores its role as a key player in this shift, particularly in Asia, where it has surpassed competitors like Boyaa, which holds 3,183 BTC.

To support its Bitcoin acquisitions, Metaplanet has raised significant capital through multiple financing rounds, including a $10 million bond issuance earlier this year. The company also repaid 2 billion yen ($13.5 million) in bonds ahead of schedule in April, strengthening its financial position. These moves have boosted investor confidence, as evidenced by a 967% surge in Metaplanet’s stock price over the past year, according to Yahoo Finance.
Despite market pressures from Trump’s tariff policies, Metaplanet’s stock has remained resilient, closing up 3.71% on April 14 following its previous Bitcoin purchase. The company’s ability to navigate economic headwinds while continuing to expand its Bitcoin treasury has positioned it as a model for other corporations considering cryptocurrency as a treasury asset.

For now, Metaplanet’s $414 million Bitcoin treasury stands as evidence of its belief in the digital asset’s potential. As Gerovich noted, “Bitcoin is more than an investment; it’s a strategic asset for the future.” With each new acquisition, Metaplanet is not just buying Bitcoin, it is buying into a vision of a decentralized, crypto-driven economy.

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