Metaplanet Boosts Bitcoin Holdings by 160 BTC, Achieves 95.6% Q1 Yield

Metaplanet, a Japanese hotel company, has made a significant move in the cryptocurrency market by acquiring an additional 160 BTC. The purchase was made at an average price of 12.5 million yen, approximately $83,600 per BTC, with a total investment of 1.998 billion yen ($13.4 million). This acquisition brings Metaplanet’s total bitcoin holdings to 4,206 BTC, acquired at an average purchase price of 12.9 million yen, approximately ($86,500 per BTC), amounting to a cumulative investment of 54.3 billion yen ($363.5 million).

Metaplanet reported a 95.6% BTC yield in Q1 2025, while achieving a 3.9% BTC yield so far in Q2. BTC yield refers to the change in the ratio of total bitcoin holdings to the fully diluted shares outstanding over a given period. This impressive performance underscores the company's aggressive approach to accumulating Bitcoin, leveraging various financial instruments to fund its purchases. The firm's strategic moves include issuing zero-interest bonds and utilizing proceeds from cash-secured put options to secure additional Bitcoin holdings.

Metaplanet's commitment to Bitcoin as a core business strategy is further highlighted by its partnership with EVO FUND, which has supported acquisitions through zero-coupon bond issuances and stock acquisition rights. Since initiating its Bitcoin acquisition program in 2024, Metaplanet has invested approximately 54.3 billion yen ($363.5 million) in Bitcoin, maintaining an average purchase price of 12.9 million yen ($86,500) per BTC. The company's approach to integrating Bitcoin into its business strategy mirrors aspects of MicroStrategy's Bitcoin strategy in the US, while incorporating Japan-specific financial structures that combine traditional financing with a strong conviction in digital assets.

To provide transparency for investors, Metaplanet has implemented specialized tracking metrics—BTC Yield, BTC Gain, and BTC ¥ Gain—which measure Bitcoin accumulation relative to share dilution and capital deployment. The company reported an impressive 95.6% BTC Yield for Q1, with an additional 3.9% already achieved in early Q2. With its current holdings valued at approximately $300 million, Metaplanet has established itself as one of the more active corporate Bitcoin holders globally. The company's strategic financial maneuvers and commitment to Bitcoin accumulation demonstrate its conviction in the digital asset's potential and its role as a key component of its business strategy.