Metaplanet Follows MicroStrategy’s Lead, Boosts Bitcoin Treasury
Bitcoin Boom: Metaplanet Increases Holdings to $165M
Metaplanet’s Bitcoin Strategy Gains Traction as Stock Rises
More Bitcoin, More Gains: Metaplanet Expands Crypto Portfolio
Japanese firm Metaplanet (3350) has strengthened its position as a major corporate Bitcoin holder, acquiring an additional 269.43 BTC in its latest purchase. The buy, valued at 4 billion yen ($26.4 million), increases the company’s total holdings to 2,031.41 BTC.
Building a Bitcoin Treasury
Metaplanet began its Bitcoin Treasury Operations in April 2024 and has since accumulated 24.9 billion yen ($165 million) worth of BTC at an average purchase price of 12.2 million yen per coin. The company’s strategy aims to increase its Bitcoin yield, which reflects the growth in BTC holdings relative to shares outstanding.
Q4 2024 yield: 310%
Q1 2025 yield (so far): 15.3%
Following MicroStrategy’s Playbook
Metaplanet’s latest purchase follows a $745 million capital raise through the issuance of 21 million shares last month. The firm is mirroring MicroStrategy’s Bitcoin accumulation strategy, a move that is gaining traction in Japan’s financial sector.
Just last week, energy firm Remixpoint revealed it had spent 9 billion yen buying Bitcoin in 2024.
Metaplanet’s Growing Position
According to Bitcoin Treasuries, Metaplanet now ranks 16th among publicly traded companies in Bitcoin holdings. Following the announcement, Metaplanet’s stock rose 2.2% to 6,040 yen on Monday.
With more Japanese companies embracing Bitcoin as a treasury asset, Metaplanet’s latest move reinforces crypto’s growing role in corporate finance.