Nikolas Sargeant
Japanese investment company Metaplanet announced Monday its acquisition of 1,111 Bitcoin worth $118.2 million, demonstrating continued commitment to cryptocurrency accumulation despite recent market volatility. The purchase occurred at an average price of $106,408 per Bitcoin, coinciding with the digital asset's 4% weekly decline to approximately $101,000.
This strategic acquisition elevates Metaplanet's Bitcoin treasury to 11,111 BTC, representing a total value exceeding $1.07 billion. The company maintains an average cost basis of $95,869 per coin across its entire portfolio. Following the announcement, Metaplanet shares declined 3.5% in Tokyo trading.
The milestone purchase underscores Metaplanet's transformation into a Bitcoin-focused treasury company, marking significant progress since launching its accumulation strategy in mid-2024. The firm's cryptocurrency holdings have expanded nearly 28-fold since December 2024, establishing it as one of Asia's most aggressive corporate Bitcoin adopters.
Strong Performance Metrics Drive Continued Investment Strategy
Metaplanet reported impressive quarterly performance with a Bitcoin yield of 107.9% for the current quarter, surpassing the 95.6% achieved in Q1 and building on the exceptional 309.8% yield recorded in Q4 2024. This key performance indicator measures Bitcoin accumulation per fully diluted share, excluding dilutive effects from capital raising activities.
The company generated substantial Bitcoin gains of 4,367 BTC valued at $451.2 million during the ongoing quarter, calculated using Bitflyer reference pricing. These metrics demonstrate the effectiveness of Metaplanet's treasury strategy in creating shareholder value through cryptocurrency exposure.
Metaplanet has financed its Bitcoin acquisitions through sophisticated capital market operations, including multiple zero-coupon bond offerings and equity-linked instruments. Since January, the company has executed over a dozen bond series and stock acquisition rights, primarily subscribed by strategic partner EVO FUND. The ambitious "210 Million Plan" has facilitated the issuance of more than 210 million shares to fund cryptocurrency purchases.
Ambitious 210,000 Bitcoin Target Sets 2027 Timeline
Positioning itself as Japan's premier Bitcoin strategy company, Metaplanet has established an ambitious target of accumulating 210,000 Bitcoin by 2027. This goal represents a nearly 19-fold increase from current holdings, requiring substantial capital deployment over the next two years.
The company raised over $300 million between May and June 2025 through bond issuances and stock rights exercises, with proceeds specifically designated for Bitcoin treasury expansion. This aggressive fundraising approach enables continuous market participation regardless of short-term price fluctuations.
Metaplanet formalized Bitcoin Treasury Operations as a core business segment in December 2024, pivoting from its traditional hotel management operations. The strategic transformation includes regular disclosure of Bitcoin positions, cost basis calculations, and share dilution metrics to maintain transparency with stakeholders.
Current metrics show Metaplanet's fully diluted share count at 759 million as of June 23, with Bitcoin holdings per 1,000 shares reaching 0.0146 BTC. The company continues leveraging financial instruments to increase cryptocurrency exposure, maintaining its commitment to shareholder value creation through digital asset accumulation.
Management has provided no indication of slowing the acquisition pace, suggesting continued Bitcoin purchases as market conditions and capital availability permit. This unwavering strategy positions Metaplanet as a significant player in corporate Bitcoin adoption across Asia-Pacific markets.
