Metaplanet Has Acquired an Additional 330 Bitcoin

Metaplanet has acquired an additional 330 Bitcoin as part of its ongoing treasury strategy, spending approximately $28.2m to expand its crypto reserves.

Tokyo-listed Metaplanet has continued its massive Bitcoin treasury strategy by buying an additional 330 BTC at an average price of around $85,561.

The company disclosed on Monday that it now holds 4,855 Bitcoin, up from 4,525 a week earlier and more than double its position at the start of the year. This makes Metaplanet one of the most aggressive corporate accumulators of the asset in Asia.

The purchase aligns with its broader Bitcoin Treasury Operations, a business unit Metaplanet officially launched in December. The strategy is similar to that of MicroStrategy in the U.S., aiming to convert fiat reserves into digital assets that the company views as a long-term store of value.

This move follows last month’s announcement that Metaplanet had issued $13.3m in zero-interest ordinary bonds, the proceeds of which will be used exclusively to purchase additional Bitcoin.

In a related move, the Tokyo-based Bitcoin-stacking company also announced the formation of a Strategic Board of Advisors with Eric Trump, the second son of U.S. President Donald Trump, as its first member. A longtime crypto advocate, Trump has recently urged Wall Street to adapt to digital assets or risk becoming irrelevant.

Earlier filings indicate that a large portion of the funds raised by Metaplanet through multiple financing rounds this year will be used to accelerate Bitcoin acquisitions.

Metaplanet uses a custom metric called BTC Yield to measure the growth of Bitcoin per fully diluted share, reporting a 95.6% BTC Yield for the first quarter and 12.1% so far in April.

The company’s average purchase price across its Bitcoin holdings is about $89,941 per coin, and its total investment amounts to around $436.6m. Despite Bitcoin’s volatility, Metaplanet says it is focused on long-term accretive growth for shareholders rather than short-term gains.