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Cryptocurrency News Articles

Japan's Metaplanet Purchased an Additional 555 Bitcoin

May 07, 2025 at 03:34 pm

Japan’s Metaplanet purchased an additional 555 Bitcoin as part of its aggressive accumulation strategy, bringing its total holdings to 5,555 BTC

Japan-based Metaplanet has continued its bullish Bitcoin strategy by purchasing an additional 555 BTC for $53.4 million at an average price of $96,134.

The Tokyo-listed company disclosed on May 7 that its total BTC holdings now stand at 5,555, purchased for $481.5 million at an average price of $86,672.

The company’s proprietary key performance indicator, BTC Yield, has soared in recent quarters, reaching 309.8% in Q4 2024, 95.6% in Q1 2025, and 21% in the current quarter.

“In Japanese, the number 5 is pronounced 'Go,' so today we’re shouting: Go go go go — to the moon and beyond!” said CEO Simon Gerovich.

As part of its strategy to expand its BTC treasury and tap US capital markets, Metaplanet is launching a wholly owned subsidiary, Metaplanet Treasury, in Florida, the company announced on May 1.

The subsidiary will focus on raising capital through various instruments, including zero-coupon bonds, stock acquisition rights, and convertible bonds, aiming to secure up to $250 million in the coming year.

The company’s flagship cryptocurrency, MDEF, serves as collateral for these bonds, with interest rates and maturity periods varying based on market conditions and investor preferences.

The subsidiary plans to commence operations in mid-May, pending approval from relevant US authorities.

According to BitcoinTreasuries.NET, Metaplanet is Asia’s largest public corporate holder of Bitcoin and ranks 11th globally.

Earlier this year, the company announced its plans to triple its BTC holdings and expand into the U.S. market.

Its shares rose 11% by midday on the Tokyo exchange, according to Google Finance.

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Other articles published on May 08, 2025