TLDR
- Metaplanet has acquired 5,000 BTC, reaching 50% of its 2025 goal of 10,000 Bitcoin
- Latest purchase of 145 BTC cost approximately $13.6 million at an average price of $93,327 per coin
- The firm bought over 1,650 BTC in April alone, worth nearly $153 million
- Metaplanet aims to hold 21,000 BTC by the end of 2026
- The Tokyo-listed company uses a metric called “BTC Yield” to measure Bitcoin-per-share growth
Metaplanet Inc., a Tokyo Exchange-listed investment firm, has reached the halfway point of its ambitious Bitcoin acquisition plan. The company announced on Wednesday that it had purchased an additional 145 Bitcoin for approximately $13.6 million (¥1.926 billion), bringing its total holdings to 5,000 BTC.
*Metaplanet Purchases Additional 145 $BTC, Total Holdings Reach 5,000 BTC* pic.twitter.com/rzZwvmmbw1
— Metaplanet Inc. (@Metaplanet_JP) April 24, 2025
This latest purchase represents a key milestone in Metaplanet’s strategy to accumulate 10,000 Bitcoin by the end of 2025. The company paid an average price of $93,327 per coin (¥13,280,472) in its most recent transaction, according to the regulatory filing.
Metaplanet has been on a Bitcoin buying spree throughout April. The firm acquired over 1,650 BTC across five separate transactions this month alone, adding nearly $153 million worth of Bitcoin to its treasury.
Aggressive Acquisition Strategy
The Japanese investment firm’s total Bitcoin holdings now amount to roughly $428 million, solidifying its position among the top 10 publicly listed Bitcoin holders worldwide, according to Bitcoin Treasuries data. The company has spent approximately $414.5 million on its Bitcoin purchases to date, with an average purchase price of $85,386 per coin.
CEO Simon Gerovich shared his thoughts on the milestone on X (formerly Twitter): “This is a big step forward in our aim to become one of the world’s leading bitcoin holding companies. We will lead the global bitcoin race from Japan.”
Metaplanet’s aggressive acquisition strategy began in mid-2024, supported by a $745 million (¥116 billion) capital raise. The company described this fundraising effort as “Asia’s largest-ever,” structured around zero-discount moving strike warrants.
The investment firm’s “21 Million Plan” allows Metaplanet to purchase Bitcoin in smaller portions. This approach gives the company the flexibility to optimize entry points and avoid unnecessary dilution as it works toward its ultimate goal of acquiring 21,000 BTC by the end of 2026.
Performance Metrics
Metaplanet has modeled its business approach after Michael Saylor’s tech firm MicroStrategy, which pivoted from software to Bitcoin treasury. Like MicroStrategy, Metaplanet uses a proprietary metric called “BTC Yield” to measure Bitcoin-per-share growth.
The company reported impressive BTC Yield figures in recent quarters. From January 1, 2025, to March 31, 2025, Metaplanet achieved a BTC Yield of 95.6%. For the current quarter to date (April 1 to April 24, 2025), the company’s BTC Yield stands at 13.0%.
These results follow an even stronger performance in Q4 2024, when Metaplanet posted a massive 309.8% BTC Yield. The metric has been climbing sharply in recent quarters, reflecting the company’s rapid Bitcoin accumulation.
Despite the impressive Bitcoin acquisition milestone, Metaplanet’s stock took a hit on Wednesday. The company’s shares fell 4.57% to $2.49, according to Google Finance figures.
Diversified Approach
Beyond simple purchases, Metaplanet is diversifying its Bitcoin acquisition methods. The company acquired 696 BTC in the first quarter through its Bitcoin Income Generation business, a program focused on selling cash-secured Bitcoin put options.
The firm recently raised an additional ¥2 billion through its 10th Series of Ordinary Bonds. These funds were fully allocated to EVO FUND for more Bitcoin purchases, highlighting Metaplanet’s commitment to its acquisition strategy.
Metaplanet also announced the full exercise of its 14th Series Stock Acquisition Rights and a partial early redemption of its 11th Series Bonds. These financial maneuvers provide the company with additional capital to continue its Bitcoin purchasing program.
Since Metaplanet began accumulating Bitcoin, its stock has surged over 3,000%. This dramatic increase demonstrates investor confidence in the company’s Bitcoin-focused strategy, despite the recent dip in share price.
As Metaplanet continues its Bitcoin acquisition journey, market observers will be watching closely to see if the company can maintain its current pace and achieve its ambitious target of 10,000 BTC by the end of 2025, and ultimately 21,000 BTC by the close of 2026.
