Nikolas Sargeant
Metaplanet's aggressive Bitcoin accumulation strategy continues with another significant purchase, boosting its total holdings while leveraging various financial instruments to fund acquisitions.
Japanese Firm Adds 160 BTC Through Strategic Financial Maneuvers
Metaplanet has further solidified its position as a major corporate Bitcoin holder by adding 160 BTC to its treasury, bringing total holdings to 4,206 BTC. The Tokyo-listed company disclosed this latest acquisition on Wednesday, reporting an investment of approximately 1.998 billion yen ($13.2 million) at an average price of 12.4 million yen ($82,680) per Bitcoin.
This purchase follows significant Bitcoin-related activities earlier in the week. On Monday, Metaplanet issued 2 billion yen ($13.3 million) in zero-interest bonds specifically designated for Bitcoin acquisition. The following day, the company announced it had secured 696 BTC using proceeds from previously sold cash-secured put options.
These strategic moves demonstrate Metaplanet's commitment to leveraging traditional financial tools—including bonds, equity-linked products, and derivatives—to build one of Asia's largest corporate Bitcoin treasuries.
Bitcoin Integration Becomes Core Business Strategy
Since beginning its Bitcoin acquisition program in 2024, Metaplanet has rapidly accelerated its purchases, formally establishing Bitcoin as a separate business line in December 2024. The company has now invested approximately 54.3 billion yen ($359 million) in Bitcoin, maintaining an average purchase price of 12.9 million yen ($85,300) per BTC.
The company's purchasing power has been enhanced through its partnership with EVO FUND, which has supported acquisitions through zero-coupon bond issuances and stock acquisition rights.
Impressive Performance Metrics Showcase Bitcoin Strategy Success
To provide transparency for investors, Metaplanet has implemented specialized tracking metrics—BTC Yield, BTC Gain, and BTC ¥ Gain—which measure Bitcoin accumulation relative to share dilution and capital deployment. The company reported an impressive 95.6% BTC Yield for Q1, with an additional 3.9% already achieved in early Q2.
With its current holdings valued at approximately $300 million, Metaplanet has established itself as one of the more active corporate Bitcoin holders globally. The company's approach mirrors aspects of MicroStrategy's Bitcoin strategy in the US, while incorporating Japan-specific financial structures that combine traditional financing with a strong conviction in digital assets.
