Tokyo-listed investment firm Metaplanet continues its aggressive Bitcoin accumulation strategy, announcing on Monday the purchase of an additional 1,111 BTC for $118.2 million. This latest acquisition, made at an average price of approximately $106,408 per Bitcoin, brings the company’s total holdings to an impressive 11,111 BTC, valued at over $1.07 billion. Metaplanet’s average cost basis for its Bitcoin stash now stands at $95,869 per coin.
Despite a recent dip in the leading cryptocurrency’s price, which has fallen over 4% in the last week to trade just above $101,000, Metaplanet’s commitment remains unwavering. Its shares, however, saw a 3.5% decline today.
This strategic move marks a significant milestone in Metaplanet’s “Japan’s Strategy,” which commenced in mid-2024 and has rapidly accelerated through early 2025. The company’s total Bitcoin holdings have grown by a remarkable 28-fold since December 2024, demonstrating its conviction in the digital asset.
Strong Performance Metrics and Ambitious Future
Metaplanet reported a quarter-to-date Bitcoin (BTC) yield of 107.9%, showcasing its strong performance, up from 95.6% in Q1 and a substantial 309.8% in Q4 2024. This key performance indicator tracks Bitcoin per fully diluted share, excluding dilution effects. The firm also reported a BTC gain of 4,367 BTC, equivalent to $451.2 million for the current quarter, based on Bitflyer’s reference prices.
To fund these substantial Bitcoin purchases, Metaplanet has actively engaged in various capital market activities, including multiple zero-coupon bond issuances and equity-based instruments. Since January, the company has issued and redeemed over a dozen series of ordinary bonds and stock acquisition rights, largely subscribed by EVO FUND. As part of its “210 Million Plan,” over 210 million shares have been issued.
Looking ahead, Metaplanet has set an ambitious target of acquiring 210,000 Bitcoins by the end of 2027. This bold objective underscores the company’s long-term vision for Bitcoin. Between May and June 2025 alone, Metaplanet successfully raised over $300 million through bonds and exercised stock rights, with the proceeds explicitly earmarked for Bitcoin accumulation.
The company formalized Bitcoin Treasury Operations as a core business line in December 2024, pivoting from its previous hotel management business. Since then, it has maintained transparency by providing regular updates on its BTC position, including total holdings, cost basis, and share dilution metrics. As of June 23, Metaplanet’s fully diluted share count stands at 759 million, with Bitcoin per 1,000 fully diluted shares reaching 0.0146 BTC.
Metaplanet has given no indication of slowing down its Bitcoin acquisition strategy, continuing to leverage capital raised through financial instruments to enhance its exposure to the digital asset and ultimately boost shareholder value through BTC accumulation.
Cryptoniteuae, 2025
