Metaplanet Reaches 10,000 BTC Milestone With $110 Million Purchase

Metaplanet, a prominent Japanese investment firm, has achieved a significant milestone by reaching its 2025 target of 10,000 Bitcoin (BTC) holdings. This accomplishment was made possible through the firm's latest acquisition of 1,112 BTC, valued at approximately $110 million. The purchase not only propelled Metaplanet's total BTC holdings to 10,000 but also underscored the firm's strategic approach to Bitcoin investment.

The acquisition of 1,112 BTC is a testament to Metaplanet's commitment to expanding its Bitcoin reserves. This move aligns with the firm's long-term strategy to accumulate a substantial amount of Bitcoin, demonstrating confidence in the cryptocurrency's potential as a store of value and a hedge against inflation. The purchase was funded through a $210 million bond issuance to EVO Fund, with the proceeds earmarked for further Bitcoin acquisitions. This financial maneuver highlights Metaplanet's proactive approach to securing additional capital to fuel its Bitcoin investment strategy.

The achievement of the 10,000 BTC target is a notable development in the cryptocurrency investment landscape. It positions Metaplanet as a leading player in the Bitcoin market, surpassing other major institutions in terms of BTC holdings. This milestone is likely to attract attention from other investors and firms, potentially influencing market dynamics and perceptions of Bitcoin as a viable investment asset.

Metaplanet's decision to issue bonds to fund its Bitcoin purchases is a strategic move that leverages debt financing to enhance its investment capabilities. The $210 million bond issuance to EVO Fund provides the necessary capital to continue acquiring Bitcoin, ensuring that the firm can maintain its aggressive investment strategy. This approach allows Metaplanet to capitalize on market opportunities while managing its financial obligations effectively.

The firm's focus on Bitcoin as a core investment asset reflects a broader trend in the financial industry, where institutional investors are increasingly recognizing the value of cryptocurrencies. Metaplanet's success in reaching its 10,000 BTC target serves as a case study for other firms considering similar investment strategies. The firm's proactive approach to accumulating Bitcoin, coupled with its strategic use of debt financing, positions it as a leader in the cryptocurrency investment space.

Metaplanet's internal performance metrics, such as BTC Yield, measure how much Bitcoin is held per fully diluted share and reflect the impact of both buying BTC and issuing shares. As of June 16, the yield for the current quarter was 87.2%. Past quarters have seen even sharper increases, including a 309.8% rise in Q4 2024. This metric underscores the firm's commitment to maximizing the value of its Bitcoin holdings and ensuring that shareholders benefit from its investment strategy.

To finance its expansion, Metaplanet has also raised money through stock sales. It granted EVO Fund 21 million new share rights in five tranches in January, with flexible pricing and no discounts. The firm’s aggressive capital raise and BTC acquisitions have positioned it as Asia’s largest corporate holder of Bitcoin and the eighth largest holder globally. This strategic approach to capital raising and investment underscores Metaplanet's commitment to becoming a dominant player in the Bitcoin market.

In a major shift this June, the company raised its ambitions, now targeting 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. That final figure would represent 1% of Bitcoin’s total supply. This ambitious goal reflects Metaplanet's long-term vision for Bitcoin as a core investment asset and its commitment to accumulating a significant portion of the cryptocurrency's total supply. The firm's strategic approach to Bitcoin investment, coupled with its aggressive capital raising efforts, positions it as a leader in the cryptocurrency investment space.