Metaplanet Boosts Bitcoin Holdings by 10% to 5,555 BTC

Japanese investment firm Metaplanet has significantly expanded its Bitcoin holdings with a recent purchase of 555 BTC, bringing its total holdings to 5,555 BTC. This acquisition, valued at approximately $53.4 million, was made at an average price of $96,134 per coin, as announced by CEO Simon Gerovich on May 7. This move solidifies Metaplanet's position as the 11th largest corporate holder of Bitcoin, with its total holdings now exceeding $536 million.

Metaplanet's key performance metric, BTC Yield, continues to demonstrate strong returns. Year-to-date, the company has reported a BTC Yield of 136.7%. This metric measures the performance of Metaplanet’s Bitcoin holdings relative to its share base, indicating the company’s capital efficiency. In the past, the metric reached 309.8% in Q4 2024 and 95.6% in Q1 2025. With the latest addition, Metaplanet’s average purchase price across its entire holdings now stands at $86,672 per Bitcoin.

To fund its aggressive Bitcoin accumulation, Metaplanet has relied on a mix of bond issuances and stock acquisition rights. Instead of traditional revenue streams or selling equity, the firm has tapped capital markets through debt instruments, a strategy similar to that of US-based Bitcoin heavyweight Strategy. On May 2, Metaplanet issued $25 million in zero-coupon ordinary bonds to support its May 7 purchase. These bonds, which do not pay periodic interest, allow the firm to raise funds without adding ongoing liabilities to its balance sheet. This fundraising effort is part of a broader strategy that has brought in over ¥35 billion (approximately $244 million) since early 2024, much of which was conducted in partnership with Evo Fund, a financial backer that has helped Metaplanet scale its treasury operations quickly.

Metaplanet has set a clear target of holding 10,000 BTC by the end of 2025, and its latest purchase puts it well past the halfway mark. In just two weeks following its April 24 acquisition, which brought the company to 5,000 BTC, Metaplanet has added another 555 BTC to its total. By the end of 2026, the company plans to hold 21,000 BTC, representing roughly 1% of Bitcoin’s total fixed supply. Gerovich has described Metaplanet’s approach as a value-driven strategy focused on capital efficiency and shareholder alignment.

To enhance shareholder value and achieve its BTC goals, Metaplanet is strategically moving into the United States. Earlier this month, the company announced plans to launch a wholly owned US subsidiary, Metaplanet Treasury Corp., based in Florida. This new unit will focus entirely on Bitcoin acquisition and capital raising, initially aiming to secure up to $250 million through US markets. This strategic move is part of Metaplanet’s broader plan to expand its Bitcoin holdings and solidify its position as a leading corporate holder of the cryptocurrency.