Metaplanet has expanded its Bitcoin portfolio once again, adding 160 BTC to its corporate treasury and pushing total holdings to 4,206 BTC—continuing its aggressive accumulation campaign.
The Tokyo-listed firm announced the purchase on Wednesday, revealing it cost approximately 1.998 billion yen (roughly $13.2 million) at an average price of 12.4 million yen (around $82,680) per Bitcoin.
This latest acquisition rounds out a high-activity week for Metaplanet. On Monday, it issued a 2 billion yen ($13.3 million) zero-interest bond, with all proceeds earmarked for Bitcoin purchases.
A day later, the company disclosed a separate buy of 696 BTC—funded via proceeds from cash-secured put options. These strategic moves demonstrate Metaplanet’s creative use of traditional finance to fuel its Bitcoin strategy.
Together, these actions illustrate the company’s broader ambition to become one of Asia’s premier corporate Bitcoin holders by leveraging bonds, derivatives, and equity instruments.
Bitcoin Now Central to Metaplanet’s Business Model
Metaplanet initiated its Bitcoin acquisition plan in 2024 and has since scaled its efforts substantially. In December, the company officially designated Bitcoin as a standalone business segment.
So far, the firm has invested approximately 54.3 billion yen ($359 million) in Bitcoin, with an average acquisition price of 12.9 million yen ($85,300) per BTC.
The company’s aggressive expansion is being supported by EVO FUND, which has facilitated capital injections through zero-coupon bonds and stock-based instruments.
Metaplanet Reports 95.6% BTC Yield in Q1 Amid Continued Growth
To improve transparency for investors, Metaplanet recently introduced new performance metrics: BTC Yield, BTC Gain, and BTC ¥ Gain. These help evaluate how Bitcoin accumulation impacts shareholder value.
In Q1, the company recorded a BTC Yield of 95.6%. And early in Q2, it has already added another 3.9%.
With 4,206 BTC—currently valued at around $300 million—Metaplanet has rapidly positioned itself among the top global corporate Bitcoin holders.
The company’s model has drawn comparisons to MicroStrategy’s approach in the U.S., though Metaplanet’s strategy is uniquely designed for the Japanese market, blending conventional financial tools with a strong conviction in digital assets.
