Metaplanet Boosts Bitcoin Holdings to 2,100 BTC, Shares Surge

Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $6.6 million purchase, bringing its total to 2,100 BTC, or roughly 0.01% of the total Bitcoin supply. The Tokyo-based firm announced the purchase on Thursday, revealing that it had bought 68.59 BTC for about 996 million Japanese yen (around $6.6 million) at an average price of 14.53 million yen per BTC.

Metaplanet began its Bitcoin strategy on April 8, 2024, and aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. With the latest purchase, the firm has achieved approximately 2.38% completion of its previously disclosed “21 Million Plan,” under which 21 million shares of 0% discount stock acquisition rights were issued to EVO FUND. Following the news, Metaplanet’s shares soared 1.79% on the over-the-counter market.

Earlier in February, Metaplanet shares fell over 8% after the Japanese company announced a 10-for-1 stock split aimed at improving liquidity. The move followed an August 2024 reverse split that consolidated 10 shares into one. Metaplanet noted that the stock’s rapid surge had made it expensive for investors to enter. The firm has become Japan’s top-performing stock, soaring 3,600% after shifting its focus to Bitcoin.

Metaplanet also tracks BTC Yield, which measures changes in Bitcoin holdings relative to its fully diluted shares. The firm reported a 41.7% BTC Yield for Q3 2024, and in Q4 2024, the metric jumped to 309.8%.