TLDR:
- Metaplanet purchased 1,241 BTC for $126.7 million at an average price of $102,119 per coin
- The Japanese firm now holds 6,796 BTC, surpassing El Salvador’s 6,174 BTC holdings
- Metaplanet has invested approximately $608.2 million in Bitcoin at an average cost of $89,492 per coin
- The company’s stock has surged 1,700% since mid-2024 and over 51% in 2025
- Bitcoin prices reached $105,000 amid positive US-China trade talks
Metaplanet, a Japan-based investment firm, has acquired 1,241 Bitcoin (BTC) for approximately $126.7 million at an average price of $102,119 per coin. This latest purchase brings the company’s total holdings to 6,796 BTC, allowing it to surpass El Salvador’s national Bitcoin reserves of 6,174 BTC.
*Metaplanet Acquires Additional 1,241 $BTC* pic.twitter.com/zrJYzaZJq6
— Metaplanet Inc. (@Metaplanet_JP) May 12, 2025
The purchase marks another step in Metaplanet’s Bitcoin treasury strategy as the company pushes toward its goal of accumulating 10,000 BTC by the end of 2026. The firm has invested a total of approximately $608.2 million in Bitcoin acquisitions at an average cost of $89,492 per Bitcoin.
Metaplanet CEO Simon Gerovich highlighted the company’s progress on social media, stating, “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.” Gerovich also noted that the company has achieved a 170% Bitcoin yield year-to-date in 2025.
The latest acquisition comes just days after Metaplanet announced a $25 million bond issuance at 0% interest to fund further Bitcoin purchases. This marks the company’s 13th Series of Ordinary Bonds as part of its strategy to expand its Bitcoin holdings through its EVO FUND.
Market Impact and Stock Performance
Metaplanet’s stock price has seen extraordinary growth since the company began its Bitcoin acquisition strategy in mid-2024. Following the latest Bitcoin purchase announcement, Metaplanet shares rose 3.8% in Monday trading.
Since adopting its Bitcoin-focused strategy last year, the company’s stock has surged by approximately 1,700%. In 2025 alone, Metaplanet’s stock has increased by more than 51%, demonstrating strong investor confidence in the firm’s Bitcoin-centered approach.
At current Bitcoin prices of around $104,000, Metaplanet’s holdings are valued at approximately $706.8 million, representing a 16.2% unrealized profit on their total investment. The company’s BTC Yield, which tracks the growth in Bitcoin holdings per fully diluted share, stands at 38% for the current quarter from April 1 to May 12, 2025.
Market analysts have drawn comparisons between Metaplanet and US-based Strategy (formerly MicroStrategy), with some suggesting that the Japanese firm may offer greater upside potential. According to one analysis, at a Bitcoin price of $120,000, Metaplanet stock could double while Strategy might see a 1.6x increase.
🚀 It's still early days for MetaPlanet… but the ballistic acceleration model suggests…
📈 120K BTC?
→ MetaPlanet: 2.0x
→ Strategy: 1.6x🏁 $150K BTC?
→ MetaPlanet: 4.5x
→ Strategy: 3.0xAsymmetric upside.#Bitcoin #MetaPlanet #MSTR pic.twitter.com/2LGuQTz86E
— MicroStrategist.com | BitcoinPower.Law (@BitcoinPowerLaw) May 11, 2025
Bitcoin Market Conditions
The broader Bitcoin market has shown strong performance, with the cryptocurrency reaching $105,000 earlier today. This represents a 10.63% gain on the weekly chart, which analysts attribute partly to positive developments in US-China trade talks.
Financial analyst Joe Consorti has observed a correlation between Bitcoin’s price movements and the Global M2 Money Supply with a 70-day lag. While acknowledging that M2 is a “poor measure of money supply,” Consorti suggests it remains an interesting trend to monitor.
Beyond Metaplanet’s purchases, blockchain analytics platform LookonChain has reported major activity from other Bitcoin whales. One investor recently purchased an additional 821 BTC valued at $85.42 million, following a similar acquisition the previous day. In total, this whale has accumulated 1,721 BTC worth approximately $179 million over the past two days.
Metaplanet’s growing Bitcoin reserves now place it in competition with other major institutional holders like Coinbase and Block Inc. The company’s aggressive acquisition strategy and the resulting stock performance suggest continued confidence in Bitcoin’s long-term value proposition.
The latest purchase reinforces Metaplanet’s position as one of the largest institutional holders of Bitcoin, with its holdings now exceeding those of El Salvador, which became the first country to adopt Bitcoin as legal tender in 2021.
Metaplanet’s next target appears to be reaching 10,000 BTC in its treasury by the end of 2026, a goal that appears increasingly within reach given the pace of the company’s recent acquisitions.
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