Metaplanet, one of Japan's most active corporate Bitcoin investors, announced the acquisition of 135 Bitcoin, strengthening its market position.
New Bitcoin Purchase
On February 25, Metaplanet announced the purchase of 135 Bitcoin for a total of 1.939 billion yen ($12.8 million). Its total holdings now amount to 2,235 BTC at an average price of 12.44 million yen per Bitcoin.
BTC Holding Strategy
Like Strategy (formerly MicroStrategy), which owns the largest corporate Bitcoin treasuries, Metaplanet has been gradually increasing its reserves since launching its Bitcoin Treasury Operations. The company's BTC Yield, measuring Bitcoin held per share, grew by 309.8% in Q4 2024 but slowed to 23.2% in early 2025 as the company increased its number of shares.
Financial Activities and Future Plans
Metaplanet continues to leverage capital market activities to finance its Bitcoin purchases. In January, it offered 21 million stock acquisition rights to EVO FUND by Evolution Capital Management, followed by early bond redemptions of 4 billion yen ($26.5 million) in February. Since starting Bitcoin purchases in April 2024, Metaplanet's stock price has risen by over 3000%, making it Japan's best-performing stock. The recent decision on a 10-to-1 stock split effective April 1 aims to make shares more accessible.
Metaplanet's strategy of increasing Bitcoin in its assets may serve as a model for other companies in Japan, given the progressive stance on cryptocurrencies.
