Metaplanet's Bitcoin Bet: $196M Purchase Boosts Holdings to 2,031 BTC

Tokyo-based investment firm Metaplanet has made a significant move in the cryptocurrency market, acquiring 269 Bitcoin worth approximately ¥4 billion. This strategic purchase has not only expanded the company's Bitcoin holdings to around 2,031 BTC but has also driven its stock to increase by 73% year-to-date (YTD).

The company's latest Bitcoin acquisition, valued at around $196 million at current prices, was made at an average price of approximately $80,700 per Bitcoin. This investment has appreciated by about 16% in value since its purchase. Metaplanet's aggressive Bitcoin strategy has positioned it as the 14th largest public company globally holding Bitcoin, and the second-largest in Asia, trailing only China's Boyaa Interactive, which owns 3,183 BTC.

Metaplanet's Bitcoin-focused strategy has been reflected in its financial performance. The company's BTC Yield, a key indicator created to assess the performance of its Bitcoin acquisition strategy, reached 41% from July to September 2024. This yield surged to 309% in the fourth quarter of 2024 and stands at around 15% quarter to date through February 17, 2025.

The latest Bitcoin purchase came on the heels of Metaplanet securing ¥4 billion through a zero-coupon bond issuance to EVO FUND and approving the issuance of 21 million shares to EVO FUND via Stock Acquisition Rights. These moves were aimed at funding additional Bitcoin purchases, as the company continues to pursue an aggressive Bitcoin acquisition strategy, targeting 21,000 BTC by 2026.