Metaplanet Acquires 269 Bitcoin, Total Holdings Reach 2,031 BTC

TLDR

Metaplanet has purchased 269.43 Bitcoin at $95,000 per BTC, bringing their total holdings to 2,031.41 BTC worth $159 million, with plans to reach 21,000 BTC by 2026
The Japanese investment firm’s stock has increased 73% year-to-date, largely due to their Bitcoin-focused strategy
Metaplanet’s BTC Yield performance indicator showed 309.8% growth in late 2024 and currently stands at 15.3% for Q1 2025
The company recently secured ¥4 billion through a zero-coupon bond issuance to fund additional Bitcoin purchases
Metaplanet is now the second-largest institutional Bitcoin holder in Asia, behind China’s Boyaa Interactive which holds 3,183 BTC

Japanese investment firm Metaplanet has added 269.43 Bitcoin to its treasury, spending $25.6 million at an average price of $95,000 per Bitcoin. The February 17 purchase brings the company’s total Bitcoin holdings to 2,031.41 BTC, valued at approximately $159 million.

The latest acquisition continues Metaplanet’s steady accumulation of Bitcoin since mid-2024, when the company held just 141 BTC. By the end of 2024, that number had grown to more than 1,760 BTC, making Metaplanet one of Japan’s largest institutional Bitcoin holders.

*Metaplanet purchases additional 269.43 $BTC* pic.twitter.com/gIkpqVdALK

— Metaplanet Inc. (@Metaplanet_JP) February 17, 2025

The company’s average purchase price across all Bitcoin holdings stands at $78,000 per BTC. This strategic accumulation has contributed to a 73% increase in Metaplanet’s stock price year-to-date, according to MarketWatch data.

To measure the effectiveness of its Bitcoin strategy, Metaplanet uses a metric called BTC Yield, which tracks the value of its Bitcoin holdings relative to fully diluted shares. The company reported a BTC Yield of 309.8% in late 2024, followed by 15.3% in the first quarter of 2025.

Metaplanet’s approach mirrors that of Strategy (formerly MicroStrategy), the American company that pioneered corporate Bitcoin investment. As of February 17, Strategy has accumulated over $14.85 billion in unrealized profits from its Bitcoin holdings.

However, Strategy’s recent financial results show the volatility of Bitcoin investment. In the fourth quarter of 2024, the company reported a loss of $670.8 million, compared to an $89.1 million profit in the same quarter of the previous year. This loss included a $1.01 billion impairment charge on its Bitcoin holdings.

Bitcoin Purchases

To fund its continued Bitcoin purchases, Metaplanet has secured ¥4 billion through a zero-coupon bond issuance to EVO FUND. The company has also approved the issuance of 21 million shares to EVO FUND via Stock Acquisition Rights.

In the broader Asian market, Metaplanet now ranks as the second-largest corporate Bitcoin holder, trailing only China’s Boyaa Interactive, which holds 3,183 BTC. Globally, Metaplanet stands as the 14th largest public company holding Bitcoin.

The company’s Bitcoin holdings have increased in value by approximately 16%, based on an average purchase price of $80,700 per Bitcoin at current market prices.

From July to September 2024, Metaplanet’s BTC Yield reached 41%. This metric saw a sharp increase to 309% in the fourth quarter of 2024 and currently stands at about 15% through February 17, 2025.

Looking ahead, Metaplanet has set an aggressive target for its Bitcoin acquisition strategy. The company aims to accumulate 21,000 BTC by 2026, which would represent a tenfold increase from its current holdings.

This goal comes despite Japan’s strict cryptocurrency regulations, highlighting Metaplanet’s commitment to using Bitcoin as a treasury asset.

The company’s latest purchase occurred at a time when Bitcoin’s price has reached $95,000, reflecting the broader market’s upward trend.

Metaplanet continues to execute its Bitcoin strategy through regular purchases, maintaining its position as a leading institutional investor in the cryptocurrency space.

The firm’s recent financial moves, including the bond issuance and share approval, indicate a structured approach to funding its ongoing Bitcoin acquisition strategy.