Metaplanet Inc. Accumulates 5,000 BTC, Valued at $428 Million, Halfway to 10,000 BTC Goal

Metaplanet Inc., a Tokyo-listed investment and hotel company, has achieved a significant milestone in its Bitcoin strategy by accumulating 5,000 BTC. The company's holdings are now valued at approximately $428 million, with an average acquisition cost of $85,621 per Bitcoin. This achievement marks the halfway point in Metaplanet’s goal to hold 10,000 BTC by the end of 2025.

The company announced on Thursday that it had purchased an additional 145 BTC for about $13.6 million, at an average price of $93,327 per coin. This latest acquisition is part of Metaplanet’s aggressive buying spree, especially during April 2025. The firm acquired over 1,650 BTC across five separate transactions this month alone, adding nearly $153 million worth of Bitcoin to its treasury.

Metaplanet’s Bitcoin accumulation strategy appears to be modeled after Michael Saylor’s MicroStrategy, which pivoted from software to Bitcoin treasury operations. The company uses a proprietary performance metric called “BTC Yield” to measure its Bitcoin-per-share growth. According to company statements, Metaplanet achieved a BTC Yield of 95.6% from January to March 2025. The year-to-date yield has reached 121.1% in 2025, reflecting the company’s effective increase in Bitcoin per share held.

This metric aims to track treasury performance by isolating gains driven purely by Bitcoin acquisition strategies while neutralizing dilution from newly issued shares. For the month of April alone, the company reported a BTC Yield of 13.0%. Metaplanet’s longer-term vision extends beyond its 2025 target. The firm ultimately seeks to acquire 21,000 BTC by the end of 2026 as part of what it calls its “21 Million Plan.”

Metaplanet’s ambitious Bitcoin strategy has been fueled by a $745 million capital raise that the company describes as ‘Asia’s largest-ever.’ This funding was structured around zero-discount moving strike warrants. The company also recently raised ¥2 billion through its 10th Series of Ordinary Bonds, which was fully allocated to EVO FUND for more Bitcoin purchases. Metaplanet announced the full exercise of its 14th Series Stock Acquisition Rights and a partial early redemption of its 11th Series Bonds.

Beyond direct purchases, Metaplanet acquired 696 BTC in the first quarter through its Bitcoin Income Generation business. This program focuses on selling cash-secured Bitcoin put options as another avenue for accumulation. The “21 Million Plan” gives Metaplanet the flexibility to buy Bitcoin in tranches. This approach allows the company to optimize entry points and avoid unnecessary dilution.

Metaplanet’s Bitcoin holdings have secured its position among the top 10 publicly listed Bitcoin holders worldwide. The Tokyo-based firm’s commitment to Bitcoin as a reserve asset represents one of the most substantial corporate Bitcoin strategies in Asia, cementing Japan’s role in the institutional adoption of cryptocurrency.