Metaplanet Surpasses 10,000 BTC Goal, Stock Jumps 9.87 Percent

Metaplanet, a prominent Japanese firm, has made a significant leap in the Bitcoin market by surpassing its full-year acquisition goal of 10,000 BTC by mid-year. The company has successfully added 1,005 BTC to its corporate treasury, bringing its total holdings to 13,350 BTC. This latest purchase, made at an average price of $107,923 per BTC, has pushed Metaplanet's average cost per coin to $96,121. This strategic move has positioned Metaplanet in seventh place among corporate BTC holders, overtaking Tesla, whose crypto treasury has remained unchanged.

To support its ongoing acquisition strategy, Metaplanet launched Series 19 of its bond program. The new $21 million bond, which matures on December 29, 2025, was fully subscribed by Evo Fund. This fresh issuance enables the company to retire its earlier Series 3 guaranteed bonds, which carried collateral and interest requirements. The new bonds are unsecured and non-interest-bearing, providing Metaplanet with more financial flexibility. Evo Fund, which previously subscribed to the Series 3 bonds worth $12.1 million, has agreed to refinance with the new bond series. Additionally, Evo Fund has supported Metaplanet through several rounds of stock acquisition rights, covering up to 555 million shares and potentially providing Metaplanet with access to $5.5 billion for further BTC purchases.

Metaplanet's aggressive Bitcoin strategy has not only increased its holdings but also positioned it as a leader in the corporate Bitcoin space. The company's rapid accumulation of Bitcoin has surpassed major players, including Tesla, which has not seen new inflows for months. This strategic move has solidified Metaplanet's position as a key player in the digital asset market, with a focus on long-term growth and potential returns. The company's CEO, Simon Gerovich, has reinforced the company’s BTC strategy with a public statement signaling continued purchases, which has put pressure on short sellers. Entities such as Citigroup Global, which initiated short positions in the $3 to $4 range, have come under strain due to sustained price growth.

Following the announcement, Metaplanet’s stock climbed 9.87 percent, closing at 1,640 JPY or $11.39. Although the price has eased from recent highs above $13, the company continues to pressure short sellers. Bitcoin prices responded to the announcement, briefly climbing to $108,268. Corporate interest remains a major driver, with Metaplanet’s acquisition aligning closely with the schedule of Strategy, another major BTC-holding firm. As a result of the steady buying pace, projections suggest Metaplanet may hold over 63,000 BTC by year-end if acquisitions continue at the same pace.