Metaplanet Boosts Bitcoin Holdings by 1000 BTC, Stock Jumps 10%

Metaplanet, a Tokyo-listed investment firm, has significantly expanded its Bitcoin holdings with the acquisition of 1,005 BTC, valued at approximately $108 million. This purchase has elevated the company's total Bitcoin reserves to 13,350 BTC, making it the fifth-largest publicly traded corporate holder of Bitcoin, surpassing CleanSpark. The company's CEO, Simon Gerovich, revealed that the average purchase price per BTC was around $107,601, with the total holdings now valued at nearly $1.45 billion at current market rates. This acquisition is part of Metaplanet's accelerated Bitcoin accumulation strategy, which aims to amass over 210,000 BTC by the end of 2027.

Gerovich highlighted the rapid growth in Metaplanet's Bitcoin holdings, noting that just three months ago, the company had 3,350 BTC, and now it has added 10,000 more to reach 13,350 BTC. The firm's Bitcoin purchase was partially financed through the issuance of ¥30 billion ($208 million) in zero-coupon, non-interest-bearing bonds, set to mature in December 2025. This approach aligns with Metaplanet's strategy of using debt and equity channels to fund BTC buys while conducting bond buybacks to optimize its capital structure. The company aims to maintain a shareholder-aligned approach by tracking a proprietary BTC yield metric, measuring Bitcoin per fully diluted share, which has sharply increased following the latest purchase. Metaplanet has logged a quarter-to-date BTC yield of over 129%.

Metaplanet's shares responded positively to the news, rising nearly 10% on the day of the announcement in Tokyo. This rally has seen its stock climb over 350% year-to-date. The company's aggressive Bitcoin strategy has positioned it as a key player in the corporate Bitcoin space. According to the leaderboard updated by BitcoinTreasuries, Metaplanet is currently trailing behind Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms, which hold 592,345 BTC, 49,179 BTC, 37,229.7 BTC, and 19,225 BTC, respectively. The company had recently surpassed Tesla in the rankings, following continued aggressive accumulation.

Metaplanet's ambitious "555 Million Plan" aims to raise $5.4 billion to purchase 210,000 Bitcoin by 2027. This plan underscores the company's commitment to building a substantial Bitcoin treasury, viewing Bitcoin not just as a treasury asset but as a strategic hedge against inflation and fiat currency devaluation. The firm's transparent approach to Bitcoin acquisitions and its public commitment to its strategy have garnered attention and support from investors, contributing to the positive market response. As Metaplanet continues to execute its ambitious plans, it is likely to remain a significant player in the evolving landscape of digital assets.