Japanese investment firm Metaplanet has solidified its position as one of the world’s largest corporate holders of Bitcoin, acquiring an additional 319 BTC valued at $26.3 million. This latest purchase brings the firm’s total Bitcoin reserves to 4,525 BTC, officially placing it ninth among publicly listed companies with the largest BTC treasuries.
The acquisition was made at an average price of approximately $82,549 per Bitcoin, underscoring Metaplanet’s continued confidence in the asset as a long-term strategic reserve despite recent market turbulence. With a cumulative cost basis now exceeding $386 million, estimates suggest the average acquisition price for the firm’s holdings hovers closer to $90,000 per coin.
Metaplanet CEO Simon Gerovich reaffirmed the company’s ambitious target of reaching 10,000 BTC by the end of 2025. The move is part of a broader conviction that Bitcoin represents not just a hedge against inflation or currency debasement, but also a foundational element in the evolution of modern treasury management.
Inside Metaplanet’s Treasury Playbook: Bonds, Bitcoin, and BTC Yield
The company’s Bitcoin strategy is underpinned by a larger financial roadmap that began in December 2024. Far from relying on idle cash or speculative bets, Metaplanet has engineered a structured acquisition plan that combines capital markets activity with disciplined treasury optimization.
At the center of this approach is a proprietary metric called “BTC Yield,” which tracks the growth of the firm’s Bitcoin holdings against its fully diluted share count. For the first quarter of 2025, the BTC Yield reached 95.6%, reflecting strong performance in spite of a volatile crypto environment. As of mid-April, the firm reported a 6.5% increase in BTC Yield year-to-date.
To fund its aggressive Bitcoin buying spree, Metaplanet has tapped capital markets through zero-coupon bonds and stock acquisition rights. This method allows the firm to scale its holdings quickly while limiting shareholder dilution. Public disclosures indicate that about 41.7% of the company’s ¥21 billion ($210 million) fundraising goal has already been executed—an encouraging sign of market confidence in the firm’s capital strategy.
Stock Surge Reflects Market Confidence in Crypto Strategy
Metaplanet’s stock performance suggests that its Bitcoin pivot is resonating strongly with investors. Shares of the company rose 3.71% on Monday on the Tokyo Stock Exchange, bringing year-to-date gains to 4.31%. Over the past year, Metaplanet stock has skyrocketed by 967%, dramatically outperforming both Bitcoin and Japan’s benchmark Nikkei 225 index.
This investor enthusiasm reflects more than just optimism around crypto. It signals confidence in the company’s transparent, data-driven approach to integrating Bitcoin into its corporate DNA. Even as Bitcoin slipped 0.3% to $84,441 in the last 24 hours, Metaplanet’s stock momentum illustrates how smart treasury positioning in crypto can unlock disproportionate shareholder value.
Quick Facts
- Metaplanet now holds 4,525 BTC, making it Asia’s largest and the world’s ninth-largest public Bitcoin holder.
- The company plans to grow its BTC treasury to 10,000 by end-2025 and 21,000 by 2026.
- Metaplanet’s stock has soared 967% in the past year, outperforming both Bitcoin and Japan’s Nikkei 225.
- Its proprietary BTC Yield metric reached 95.6% in Q1 2025, highlighting strong shareholder value from Bitcoin exposure.
