Metaplanet Accumulates 10,000 Bitcoin Six Months Early

Metaplanet has achieved a significant milestone by accumulating 10,000 Bitcoin (BTC), surpassing its year-end 2025 target six months ahead of schedule. This accomplishment underscores the strong momentum in the company's crypto treasury strategy. The Tokyo-listed firm financed this acquisition through a $210 million zero-interest bond issuance, demonstrating an innovative approach to capital raising and Bitcoin accumulation.

On June 16, Metaplanet disclosed the purchase of 1,112 additional BTC at an average price of approximately $105,000 per coin, bringing its total Bitcoin holdings to exactly 10,000 BTC. This acquisition, valued at nearly $110 million, was funded through a newly issued $210 million zero-interest bond to EVO Fund. Scheduled to mature in December 2025, these bonds provide Metaplanet with flexible capital to continue its aggressive BTC accumulation without immediate interest expenses. This financial maneuver highlights the company’s commitment to expanding its Bitcoin treasury while maintaining fiscal discipline.

Originally targeting 21,000 BTC by 2026 under its “21 Million Plan,” Metaplanet has significantly raised its goals, now aiming for 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. This revised target represents approximately 1% of Bitcoin’s total supply, a substantial stake that would solidify Metaplanet’s position as one of the largest corporate Bitcoin holders globally. The company’s strategic shift reflects growing confidence in Bitcoin’s long-term value proposition and its role as a key asset in corporate treasury management.

Metaplanet employs internal metrics such as BTC Yield, which measures Bitcoin held per fully diluted share, to monitor its accumulation progress. As of mid-June 2025, the BTC Yield for the current quarter stood at 87.2%, with previous quarters showing even more pronounced growth, including a 309.8% increase in Q4 2024. These metrics provide investors with transparent insights into how the company balances share issuance with Bitcoin acquisition, ensuring shareholder value is aligned with its crypto strategy.

In addition to bond issuance, Metaplanet has raised capital via stock sales, granting EVO Fund 21 million new share rights in January 2025 across five tranches. These rights were issued with flexible pricing and no discounts, reflecting a strategic approach to equity financing that supports ongoing Bitcoin purchases. This aggressive capital raising, combined with its BTC acquisitions, has established Metaplanet as Asia’s largest corporate Bitcoin holder and the eighth largest worldwide, underscoring its leadership in the institutional crypto space.

Metaplanet’s early achievement of the 10,000 BTC milestone, supported by innovative financing methods and an ambitious accumulation plan, marks a pivotal moment in corporate Bitcoin adoption. As the company pursues its expanded targets, it exemplifies a disciplined and transparent approach to integrating cryptocurrency into corporate treasury management. Stakeholders should watch closely as Metaplanet continues to influence the evolving landscape of institutional Bitcoin investment.