Metaplanet Boosts Bitcoin Holdings by 15% in Four Months

Metaplanet, a Tokyo-based firm recognized as Asia’s top publicly traded Bitcoin holder, has significantly bolstered its Bitcoin holdings. The company recently purchased an additional 2,205 BTC, valued at nearly 31.7 billion yen as of today. This acquisition brings Metaplanet’s total Bitcoin holdings to 15,555 BTC, with an estimated value of $1.7 billion. The company’s strategic accumulation of Bitcoin is part of its broader effort to leverage the cryptocurrency as a core treasury asset, aligning with the growing institutional interest in crypto.

Company CEO Simon Gerovich announced the news on X, revealing that the newly acquired coins cost $238.7 million, averaging $108,237 per Bitcoin. Gerovich also highlighted a sharp weekly rise in BTC Yield, a metric used by the company to gauge Bitcoin growth per share, which increased by 15.1%. This metric underscores Metaplanet’s effective strategy in growing per-share BTC value, even as the company issues new shares.

The market responded positively to the announcement, with a modest uptick in the company’s stock. Shares edged up 0.39% to 1,551 yen, mitigating recent weekly losses. Despite a dip of around 6% over the past five days, Metaplanet’s stock has gained roughly 15% over the last month. This latest acquisition also solidifies Metaplanet’s position as one of the most aggressive Bitcoin buyers on the market. Just four months ago, its holdings were under 4,000 BTC. Since then, the company has more than tripled that number, climbing into the top five global Bitcoin holders, based on data from Bitcointreasuries.net. Metaplanet now trails only a handful of major players in corporate BTC holdings, including Strategy, MARA Holdings, XXI, and Riot Platforms.