TLDR
- Metaplanet has reached 5,000 BTC in holdings, valued at approximately $428 million
- The company bought 145 BTC at around $93,327 per coin in its latest purchase
- Metaplanet has reached 50% of its 2025 goal (10,000 BTC) and aims for 21,000 BTC by 2026
- The firm has purchased over 1,650 BTC in April 2025 alone, worth about $153 million
- Metaplanet’s BTC Yield metric reached 121.1% year-to-date in 2025
Japanese investment firm Metaplanet Inc. has reached a key milestone in its Bitcoin strategy, now holding 5,000 BTC as part of its treasury operations. The Tokyo-listed company acquired an additional 145 Bitcoin at an average price of approximately $93,327 per coin, totaling roughly $13.6 million (¥1.926 billion).
This latest purchase brings Metaplanet’s total Bitcoin holdings to approximately $428 million, with an average acquisition cost of around $85,621 per coin. The company has been aggressively expanding its Bitcoin treasury since mid-2024.
Metaplanet CEO Simon Gerovich announced on social media platform X that following this latest purchase, the company has reached 50% of its initial goal of acquiring 10,000 BTC by the end of 2025. “This is a big step forward in our aim to become one of the world’s leading bitcoin holding companies,” Gerovich stated. “We will lead the global bitcoin race from Japan.”
5,000 BTCを突破しました 🚀
2025年末までに10,000 BTCという初期目標の50%に到達。世界有数のビットコイン保有企業を目指す中で、大きな一歩となりました。日本から、世界のビットコインレースを牽引していきます。 pic.twitter.com/u86xdc6bYV
— Simon Gerovich (@gerovich) April 24, 2025
The company has been on a Bitcoin buying spree in recent weeks. In April 2025 alone, Metaplanet purchased over 1,650 BTC across five separate transactions, adding nearly $153 million worth of Bitcoin to its treasury.
Aggressive Acquisition Strategy
Metaplanet’s Bitcoin accumulation strategy began in mid-2024, fueled by a $745 million (¥116 billion) capital raise structured around zero-discount moving strike warrants. This fundraising effort was described as “Asia’s largest-ever” of its kind.
The company’s “21 Million Plan” aims to give Metaplanet the flexibility to buy Bitcoin in tranches. This approach allows the firm to optimize entry points and avoid unnecessary dilution.
Just days before the latest purchase, on April 21, 2025, Metaplanet had acquired 330 BTC worth over $28 million. That transaction brought the company’s holdings to 4,855 BTC at the time.
The current strategy appears modeled after MicroStrategy’s pivot from software to Bitcoin treasury. Like the American firm, Metaplanet uses a proprietary metric called BTC Yield to measure Bitcoin-per-share growth.
Performance Metrics
Metaplanet’s BTC Yield metric has shown strong performance in recent quarters. According to company statements, the accumulation strategy has achieved a year-to-date BTC Yield of 121.1% in 2025.
From January 1 to March 31, 2025, the company achieved a BTC Yield of 95.6%. For the current quarter (April 1 to April 24, 2025), the company’s BTC Yield stands at 13.0%, following a massive 309.8% yield in Q4 2024.
The BTC Yield is a key performance indicator that Metaplanet uses to track treasury performance. It isolates gains driven purely by bitcoin acquisition strategies while neutralizing dilution from newly issued shares.
Despite the positive developments in its Bitcoin strategy, Metaplanet’s stock was trading lower following the announcement. Shares were down 4.57% to $2.49, according to Google Finance figures.
Funding and Future Plans
Metaplanet recently raised ¥2 billion through its 10th Series of Ordinary Bonds, which was fully allocated to EVO FUND for more Bitcoin purchases. The company also announced the full exercise of its 14th Series Stock Acquisition Rights and a partial early redemption of its 11th Series Bonds.
In addition to direct purchases, Metaplanet acquired 696 BTC in the first quarter of 2025 through its Bitcoin Income Generation business. This program focuses on selling cash-secured Bitcoin put options, diversifying the company’s acquisition methods.
The ultimate goal for Metaplanet extends beyond its 2025 target of 10,000 BTC. The firm aims to hold 21,000 BTC by the end of 2026, solidifying its position among the top Bitcoin holding companies globally.
Since beginning its Bitcoin accumulation strategy, Metaplanet’s stock has surged over 3,000%, highlighting investor enthusiasm for the company’s direction despite recent price fluctuations.
With its current holdings of 5,000 BTC, Metaplanet maintains its position among the top 10 publicly listed Bitcoin holders worldwide, according to Bitcoin Treasuries data.
The company continues to execute its strategy methodically, aiming to optimize its Bitcoin acquisitions while maintaining financial flexibility through various funding mechanisms.
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