Metaplanet Doubles Bitcoin Holdings to 7,800 BTC in Seven Weeks

Metaplanet, a Japanese firm, has recently expanded its Bitcoin holdings by acquiring an additional 1,004 BTC. The purchase was made at an average price of 15.13 million yen per coin, which is approximately $105,000. This acquisition was announced in an official notice dated May 19, 2025, and brings the company’s total Bitcoin holdings to 7,800 BTC. The total cost of this latest purchase was 15.19 billion yen, around $105.5 million. With this acquisition, Metaplanet’s total Bitcoin investment now stands at 105.38 billion yen, or approximately $732 million, with an average purchase price of 13.51 million yen per Bitcoin.

Metaplanet has been actively increasing its Bitcoin treasury over the past seven weeks. Between April 1 and May 19, 2025, the company increased its holdings by 3,754 BTC, nearly doubling its holding from 4,046 Bitcoin on March 31, 2025. The accumulation pace has accelerated in May, with the firm adding over 2,000 BTC in less than three weeks. On May 7, Metaplanet held 5,555 Bitcoin, which increased to 6,796 by May 12 and now reached 7,800 BTC. This strategy has been funded through a combination of capital market activities and operating income, as disclosed by the company. Metaplanet began its Bitcoin Treasury Operations as an official business line on December 18, 2024.

Metaplanet uses a performance indicator called “BTC Yield” to assess its Bitcoin acquisition strategy. This metric measures the percentage change in the ratio of total Bitcoin holdings to fully diluted shares outstanding over specific periods. The company’s BTC Yield has shown significant fluctuations across reporting periods, with high yield figures indicating that Metaplanet has increased its Bitcoin-per-share ratio despite expanding its share count. Between September 30, 2024, and May 19, 2025, the company’s total Bitcoin holdings grew from 398.83 to 7,800, a 1,856% increase.

In addition to its Bitcoin acquisitions, Metaplanet has also used Stock Acquisition Rights to raise capital. Between May 1 and 16, 2025, the company issued 94.14 million new shares through three series of rights. The firm’s average purchase price of its Bitcoin has jumped from 12.80 million yen on April 21 to 13.51 million yen by May 19, 2025. Metaplanet has been consistently making BTC purchases despite recent price volatility, signaling its unwavering commitment to its Bitcoin-first strategy. As traditional market pressures intensify, the firm positions itself as a leading corporate Bitcoin holder in Japan.