TLDR
- Metaplanet now holds 13,350 BTC, surpassing Galaxy Digital and CleanSpark.
- The firm added 1,005 BTC for $108.1M at $107,601 per coin.
- Metaplanet issued ¥30B ($208M) in zero-interest bonds to fund Bitcoin buys.
- Its stock has surged 370.7% YTD, boosted by its aggressive BTC strategy.
Metaplanet has moved ahead of major firms like Galaxy Digital and CleanSpark by raising its Bitcoin holdings to 13,350 BTC. The Japanese firm bought an additional 1,005 BTC for $108.1 million, making it the fifth-largest public holder of Bitcoin.
The purchase was confirmed on Monday, June 30, by CEO Simon Gerovich. He stated that the company acquired the Bitcoin at an average price of $107,601. At current prices, the firm’s total holdings are worth nearly $1.4 billion.
Metaplanet Accelerates Bitcoin Accumulation Strategy
Three months ago, Metaplanet had disclosed a total of 3,350 BTC. Since then, the firm has added 10,000 more to its reserves. The new total of 13,350 BTC places it ahead of Galaxy Digital, which holds 12,830 BTC, and CleanSpark, which holds 12,502 BTC.
Gerovich shared the update via a post on X, saying, “Just three months ago, we announced live at our shareholder meeting that we hit 3,350 BTC.” He added, “Now we’ve added 10,000 more to reach 13,350 BTC.” The company has also set a new long-term goal to hold over 210,000 BTC by the end of 2027.
This strategy brings Metaplanet closer to the top ranks of publicly listed companies holding Bitcoin. It now sits just behind larger holders such as MicroStrategy, which leads with 592,345 BTC.
New Bond Issuance to Support Bitcoin Purchases
Alongside its Bitcoin acquisition, Metaplanet disclosed a new financial move involving bond issuance. The company issued zero-interest ordinary bonds worth 30 billion yen, or about $208 million. These bonds have a redemption date set for December 29, 2025.
Metaplanet plans to use part of the funds from this bond issuance to buy back and cancel previous interest-bearing bonds. These earlier bonds, first issued on November 18, 2024, were backed by collateral and carried an interest rate. The rest of the capital will go toward additional Bitcoin purchases, according to the company’s public filing.
The firm did not disclose the exact portion of the funds that will be used for the next round of Bitcoin accumulation. However, it confirmed that the bond structure is part of a broader treasury strategy to increase its BTC position.
Stock Performance Reflects Market Reaction
Following the announcement, Metaplanet’s stock price rose 9.9% on Monday morning in Japan. According to Yahoo Finance data, the company’s share price has surged 53.5% over the past 30 days.
Year-to-date, the company’s stock has climbed 370.7%, fueled largely by its aggressive Bitcoin strategy. This price movement came as trading volumes increased after the company’s update was shared on social media and financial platforms.
BitcoinTreasuries.net, a platform that tracks institutional Bitcoin holders, had not yet updated its rankings at the time of publication. However, based on reported data, Metaplanet now ranks fifth among publicly traded companies holding Bitcoin.
MicroStrategy Remains in the Top Position
While Metaplanet’s rise is notable, MicroStrategy continues to lead all corporate holders of Bitcoin. The company, under Michael Saylor’s leadership, recently added 245 BTC, pushing its total to 592,345 BTC.
Galaxy Digital and CleanSpark now follow Metaplanet in sixth and seventh place, respectively. Other firms on the list include Marathon Digital and Tesla, though their Bitcoin holdings have remained unchanged in recent months.
Metaplanet’s continued accumulation and financing plans signal a strong focus on increasing its crypto exposure over time.
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