Metaplanet Boosts Bitcoin Holdings by 1,005 BTC, Stock Surges 10%

Metaplanet has significantly increased its Bitcoin holdings, purchasing an additional 1,005 BTC worth $108.1 million on June 30. This acquisition brings Metaplanet's total Bitcoin holdings to 13,350 BTC, positioning the firm among the top five global Bitcoin treasury firms.

With this purchase, Metaplanet has surpassed several prominent companies in terms of Bitcoin holdings. It now holds more Bitcoin than Coinbase, Tesla, and CleanSpark. Specifically, Metaplanet's holdings exceed Coinbase's 9,267 BTC, Tesla's 11,509 BTC, and CleanSpark's 12,502 BTC. Additionally, Metaplanet has overtaken Galaxy, which previously held 12,830 BTC, moving into the fifth position on the Bitcoin treasuries rankings.

Metaplanet's aggressive Bitcoin buying strategy has been evident throughout June, with the firm making five purchases totaling over 5,000 BTC for the month. Despite this substantial increase, Metaplanet's current holdings of 13,350 BTC are still nearly 50% away from its 2025 target of 30,000 BTC. This leaves a deficit of over 16,000 BTC to be filled in the second half of the year.

To support its ambitious target, Metaplanet announced a bond sale worth 30 billion Japanese Yen, approximately $208 million, on June 30. The proceeds from this bond sale will be used to clear a previous debt of about $10 million and the remainder will be allocated to the firm's Bitcoin buying program. Metaplanet stated that the funds raised through the issuance of new bonds will be partially used for buybacks and cancellations, with the rest dedicated to purchasing more Bitcoin.

The latest Bitcoin purchase not only boosted Metaplanet's holdings but also positively impacted its stock performance. On June 30, Metaplanet's stock surged by 10%. In the first half of June, Metaplanet's stock price increased by over 80%, rising from $7.19 to $13.30. Following this surge, the stock retraced and stabilized near $10. At the time of the report, Metaplanet was trading at $11.4, with monthly returns hitting 45% for June. In contrast, Bitcoin rallied by about 3% over the same period.