Japanese Firm Metaplanet Acquires Record-Breaking $60M in Bitcoin Below $100K

With Bitcoin trading below $100,000, Japanese investment powerhouse Metaplanet has executed its largest cryptocurrency acquisition to date, securing 619.7 BTC at an average price of $96,000 per coin. The December 23 announcement of the $60 million purchase represents a dramatic escalation from their October acquisition of 159.7 BTC, nearly quadrupling their previous record.

Growing Bitcoin Portfolio Drives Success

Known as "Asia's MicroStrategy," the Tokyo-based investment firm has accumulated an impressive 1,762 BTC, currently valued at approximately $168 million. Their strategic accumulation shows an average purchase price of $75,600 per Bitcoin, with the company reporting an extraordinary 310% BTC yield between October and December—a substantial increase from the previous quarter's 41.7%. The firm's commitment to cryptocurrency extends beyond simple acquisition, with plans to develop a dedicated business line incorporating various financial instruments to support their Bitcoin strategy.

Metaplanet recently completed two significant bond issuances totaling 9.5 billion yen ($60.6 million), both zero-interest and maturing in June 2025. The funding allows CEO Simon Gerovich to accelerate planned 2025 Bitcoin acquisitions into the current fiscal year. The company's stock performance reflects investor confidence, with shares surging over 2,100% this year despite recent weekly fluctuations.

Financial Turnaround Marks New Era

In a remarkable turnaround, Metaplanet anticipates its first consolidated operating profit in seven years. The company projects revenue of 890 million yen ($5.8 million) for the fiscal year ending December 31, more than tripling the previous year's 261 million yen. Their innovative approach includes selling Bitcoin put options, which generated 520 million yen in income. This strategy not only provides immediate revenue through premium collection but also aligns with their long-term Bitcoin accumulation goals, allowing them to acquire cryptocurrency at predetermined prices when options are exercised.