Metaplanet Boosts Bitcoin Holdings by 319 BTC, Stock Gains 0.57%

Metaplanet Inc., a publicly listed Japanese firm, has significantly bolstered its Bitcoin holdings by acquiring an additional 319 Bitcoin. This purchase was executed at an average price of 11.8 million yen per BTC, amounting to a total of 3.78 billion yen. With this acquisition, Metaplanet's total Bitcoin reserves now stand at 4,525 BTC, purchased at an average price of 12.8 million yen per BTC, valuing the entire stash at approximately 58.1 billion yen. Despite the broader crypto market downturn, Metaplanet's stock has demonstrated resilience, posting a 0.57% gain for the year. Each new acquisition by Metaplanet reinforces its commitment to Bitcoin, signaling a strong belief in the cryptocurrency's future value.

Metaplanet has acquired 319 BTC for approximately $26.3 million at an average price of $82,549 per bitcoin. As of April 14, 2025, the company holds 4,525 BTC, acquired for approximately $386.3 million at an average price of $85,366 per bitcoin. The company employs a unique metric called BTC Yield to evaluate the success of its Bitcoin accumulation strategy. This yield measures the increase in Bitcoin holdings relative to the shares in circulation. From January to March 2025, Metaplanet's BTC Yield was 95.6%, and from April 1 to April 14, it was 6.5%, indicating sustained growth despite the shorter timeframe.

Metaplanet has been funding its substantial Bitcoin purchases through a partnership with EVO FUND, a major investor. Instead of traditional loans that require interest payments, the company issues zero-coupon bonds, which do not accrue interest. In exchange, EVO FUND gains the right to purchase Metaplanet shares at the market price. When these shares are bought, Metaplanet receives cash, which is then used to either repay the bonds or acquire more Bitcoin. Between January and March 2025, Metaplanet issued several rounds of these bonds, each worth 2 to 4 billion yen, to support its ongoing Bitcoin investment strategy.

Despite issuing millions of shares, Metaplanet asserts that it is effectively managing dilution, ensuring that shareholders do not experience a significant loss in ownership percentage. The company uses the metric "Bitcoin per fully diluted share" to demonstrate that each share is becoming more valuable in terms of Bitcoin. This approach allows Metaplanet to aggressively expand its Bitcoin holdings with minimal dilution, positioning itself as a leader in the corporate adoption of Bitcoin in Asia. By following the strategy of U.S.-based MicroStrategy, Metaplanet is transforming its treasury into a substantial Bitcoin reserve, leveraging creative financing and strategic share issuance to double down on Bitcoin as a long-term asset. With Japan's growing interest in cryptocurrencies, Metaplanet is emerging as a pioneering corporate entity in the Asian Bitcoin landscape.