Metaplanet Boosts Bitcoin Holdings to $159M

Japanese investment firm Metaplanet has bolstered its Bitcoin holdings by acquiring 269.43 BTC, spending approximately $25.6 million at an average price of $95,000 per Bitcoin. This purchase, made on February 17, brings the company's total Bitcoin holdings to 2,031.41 BTC, valued at around $159 million.

Metaplanet's steady accumulation of Bitcoin began in mid-2024, when the company held just 141 BTC. By the end of that year, its holdings had grown to over 1,760 BTC, establishing Metaplanet as one of Japan's largest institutional Bitcoin holders. The company's average purchase price across all Bitcoin holdings stands at $78,000 per BTC.

The firm's strategic Bitcoin accumulation has contributed to a 73% increase in its stock price year-to-date. To measure the effectiveness of its Bitcoin strategy, Metaplanet uses a metric called BTC Yield, which tracks the value of its Bitcoin holdings relative to fully diluted shares. The company reported a BTC Yield of 309.8% in late 2024, followed by 15.3% in the first quarter of 2025.

Metaplanet's approach mirrors that of Strategy (formerly MicroStrategy), the American company that pioneered corporate Bitcoin investment. As of February 17, Strategy has accumulated over $14.85 billion in unrealized profits from its Bitcoin holdings. However, Strategy's recent financial results show the volatility of Bitcoin investment, with the company reporting a $670.8 million loss in the fourth quarter of 2024, including a $1.01 billion impairment charge on its Bitcoin holdings.

To fund its continued Bitcoin purchases, Metaplanet has secured ¥4 billion through a zero-coupon bond issuance to EVO FUND. The company has also approved the issuance of 21 million shares to EVO FUND via Stock Acquisition Rights.

In the broader Asian market, Metaplanet now ranks as the second-largest corporate Bitcoin holder, trailing only China's Boyaa Interactive, which holds 3,183 BTC. Globally, Metaplanet stands as the 1