Metaplanet Boosts Bitcoin Holdings by 319 BTC Amid Market Challenges

Japanese firm Metaplanet has announced the acquisition of an additional 319 Bitcoin (BTC), bringing its total corporate holdings to over 4,500 BTC. This move comes at a time when the global crypto market is facing challenges due to escalating tariff wars. The digital asset was purchased at an average price of $83,147 per coin, reflecting the company's continued commitment to increasing its exposure to Bitcoin.

With this latest purchase, Metaplanet’s total BTC holdings now stand at 4,525 BTC, with an average cost basis of $90,194 per coin. This acquisition places Metaplanet in the ninth position among publicly listed companies with the largest BTC reserves. The move is part of Metaplanet’s broader Bitcoin Treasury Operations strategy, launched in December 2024, which aims to enhance shareholder value by increasing the company’s exposure to Bitcoin, the world’s largest cryptocurrency by market cap.

Metaplanet evaluates the success of its BTC acquisition strategy through Bitcoin Yield, a key-performance indicator (KPI) that reflects the percentage change in the ratio of total BTC holdings to fully diluted outstanding shares over a given period. From October 1, 2024, to December 31, 2024, the company’s BTC Yield was 309.8%. From January 1, 2025, to March 31, 2025, the company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025, to April 14, 2025, the company’s BTC Yield is 6.5%.

In addition, Metaplanet shared its BTC Gain metric, defined as total BTC holdings at the beginning of a period, multiplied by the achieved BTC Yield for that period. This figure estimates how much BTC the company would have gained assuming no new share issuance. From April 1 to April 14, Metaplanet’s BTC Gain stood at 263, down from 1,684 for Q1 2025. Following the announcement, Metaplanet’s stock surged over 3.5%. As of the latest update, its shares were trading at 363 yen – approximately $2.53. Over the past year, the company’s share price has skyrocketed by an impressive 967.7%.

While Metaplanet continues its aggressive BTC accumulation, there is speculation surrounding whether Michael Saylor’s company, Strategy, the largest corporate BTC holder, might be forced to sell some of its Bitcoin to meet debt obligations. According to a recent filing, Strategy may report an unrealized loss of nearly $6 billion for Q1 2025. If BTC’s price continues to decline, the company’s ability to service its debt could come under increasing scrutiny. However, broader confidence in Bitcoin as a store of value appears to be growing. The Blockchain Group recently added 850 BTC as part of its own treasury strategy. At the time of the announcement, BTC was trading at $85,028, up 0.8% in the past 24 hours.