Catenaa, Friday, June 06, 2025- Japanese firm Metaplanet has acquired an additional 1,088 Bitcoin, expanding its total holdings to 8,888 BTC in a bold treasury shift that underscores its aggressive pivot to a Bitcoin-first strategy.
The company disclosed on Monday that it spent 16.89 billion yen, or roughly $118 million, for the latest purchase at an average price of 15.5 million yen per coin, equivalent to about $108,600.
The acquisition marks a rapid expansion from the 4,046 BTC it held at the end of March.
Since launching its Bitcoin-focused model in 2024, Metaplanet has issued successive rounds of zero-coupon, non-interest-bearing bonds to finance the strategy.
On May 29, it raised $21 million in its 17th bond round, following a $50 million issuance earlier in the month. All proceeds have been funneled directly into Bitcoin purchases.
CEO Simon Gerovich said Metaplanet is now Japan’s most shorted stock, equating skepticism in the firm with betting against Bitcoin itself.
The company’s Bitcoin assets now total 122.27 billion yen, or approximately $856 million, acquired at an average of 13.76 million yen per coin.
To track performance, Metaplanet uses a proprietary metric called BTC Yield, which rose 66.3% in Q2 after jumping 95.6% the previous quarter, reflecting growth despite share dilution.
Bitcoin was made a core business line in December 2024, and the firm has steadily escalated investment since. Metaplanet’s transformation from hotel operator to digital asset powerhouse positions it as one of Asia’s most aggressive corporate adopters of Bitcoin.
