Japan's Metaplanet Hungry for Bitcoin: Adds 330 More BTC to Massive Holdings

TLDR

Table of Contents

Metaplanet purchased 330 more BTC at approximately $85,605 per coin, worth around $28 million
Their total Bitcoin holdings now stand at 4,855 BTC, valued at approximately $420 million
This is Metaplanet’s third Bitcoin purchase this month
Metaplanet is now the tenth-largest public holder of BTC and the largest corporate Bitcoin holder in Asia
The company aims to own 10,000 Bitcoin by the end of 2025 and 21,000 by 2026

Japanese investment firm Metaplanet has added 330 Bitcoin (BTC) to its growing treasury, worth approximately $28 million. The purchase comes as Bitcoin’s price moved above $87,300, reversing losses from the previous week.

This latest acquisition brings Metaplanet’s total Bitcoin holdings to 4,855 BTC, valued at over $420 million at current prices. The company disclosed on April 21 that it purchased the new coins at an average price of ¥12.18 million per Bitcoin (about $85,605).

The Tokyo-based firm has now made three Bitcoin purchases in April alone. These consistent buys have helped Metaplanet become the tenth-largest public holder of Bitcoin globally and the largest corporate Bitcoin holder in Asia.

Metaplanet’s Bitcoin strategy appears to be paying off amid market volatility. The company’s stock on the Tokyo Stock Exchange rose nearly 0.9% since opening on the day of the announcement.

Bitcoin Performance Metrics

To evaluate its investment strategy, Metaplanet uses a custom metric called “BTC Yield.” This measures the growth of Bitcoin per fully diluted share of the company’s stock.

The firm reports its BTC Yield for the current quarter-to-date stands at 12.1%. Previous quarters showed even stronger performance, with yields of 41.7% in Q3 2024, 309.8% in Q4 2024, and 95.6% in Q1 2025.

Bitcoin has performed better than many traditional investments during recent market instability. While U.S. equities lost $5.4 trillion in value over two days following President Trump’s reciprocal tariff announcements earlier in April, Bitcoin experienced a relatively smaller 6% decline compared to the Nasdaq’s 11% drop.

Funding the Bitcoin Strategy

Metaplanet’s aggressive Bitcoin acquisition strategy is supported by various capital market activities. The company has been issuing zero-coupon bonds and stock acquisition rights to fund its purchases.

As of April 2025, Metaplanet had completed over 40% of its “210 Million Plan,” a fundraising initiative linked to stock rights issuances to EVO FUND. The proceeds, which total over ¥35 billion (approximately $226 million) so far, have been directed toward Bitcoin purchases.

Just last week, on April 16, the company raised an additional $10 million through zero-interest bond issuance. These funds will also be used for future Bitcoin acquisitions.

Metaplanet has stated it is on track to reach its goal of earning ¥3.0 billion (around $27.5 million) from its Bitcoin program this year. This will contribute to meeting the company’s total revenue target of ¥3.4 billion (approximately $31.3 million) for 2025.

The firm has set ambitious goals for its Bitcoin holdings. Metaplanet aims to own 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by 2026, which would represent roughly 1% of the total Bitcoin supply.

Metaplanet is not the only Japanese company investing in Bitcoin. Fashion brand ANAP Holdings recently purchased approximately 16.66 BTC, valued at around 200 million yen (approximately $1.4 million). These holdings will be overseen by its subsidiary, ANAP Lightning Capital, with quarterly market value assessments planned.

The growing interest in Bitcoin from Japanese corporations comes as the cryptocurrency continues to gain acceptance as a treasury asset. Metaplanet’s consistent purchasing strategy suggests confidence in Bitcoin’s long-term value despite short-term market fluctuations.

Metaplanet’s latest Bitcoin acquisition reinforces its position as a leading corporate holder of the cryptocurrency in Asia. With its stated goal of accumulating 21,000 BTC by 2026, the company appears committed to maintaining this aggressive purchasing strategy for the foreseeable future.

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