Metaplanet Doubles Down on Bitcoin Plan with $13.4M Purchase of 156 BTC

Metaplanet, a Japanese investment firm, has doubled down on its Bitcoin plan with a fresh purchase of 156 BTC worth $13.4 million, bringing its holdings to 2,391 BTC.

Japanese investment firm Metaplanet has doubled down on its Bitcoin plan with the purchase of 156 BTC for a total of $13.4 million, bringing its total Bitcoin holdings to 2,391 BTC. The company purchased the Bitcoin at an average rate of $85,890 per BTC as it continues to ramp up the asset aggressively.

Since adopting its Bitcoin strategy in April 2024, Metaplanet has been steadily accumulating digital assets. Today, its portfolio stands at $196.3 million, with an average cost basis of $82,100 per BTC.

However, the firm's 2025 BTC yield has already reached 31.8 percent, a metric that balances the ratio of Bitcoin accumulation against dilution of shares. In Q4 2024, it even posted a whopping BTC yield of 309.8 percent.

Following the recent news, Metaplanet's share price surged 21.15 percent on Monday to 4,010 yen. The firm's strong performance was driven by the overall crypto market rally, which enabled it to record positive earnings.

Metaplanet has been financing its Bitcoin acquisitions with bond issuances. It issued 4 billion yen ($26.4 million) worth of zero-coupon bonds in February to EVO FUND. Of this amount, 2 billion yen was redeemed early on February 19, and the remaining portion was settled on February 21. A further 2 billion yen bond issue was executed on February 27, expiring on August 26, 2025.

CEO Simon Gerovich told Bloomberg that both the New York Stock Exchange (NYSE) and Nasdaq approached Metaplanet, seemingly signaling its global expansion intentions. The business is considering opportunities for floating its shares to a broader range of overseas investors.

Metaplanet is the second publicly listed firm to highlight its persistent Bitcoin accumulation strategy amidst the latest collapse in the cryptocurrency's value. It is following in the footsteps of MicroStrategy, which has been using Bitcoin as an asset within company treasuries since 2020.

Corporate acceptance of Bitcoin continues to pick up steam, with 78 companies around the world now holding Bitcoin in their treasuries, according to crypto security firm Coinkite.

Institutional interest in Bitcoin has been building momentum, helped in part by the introduction of Bitcoin exchange-traded funds (ETFs). As companies become more involved with crypto, Dom Harz, co-founder of the crypto startup BOB, suggests that companies may potentially be able to add Bitcoin to their core line of business activities.

Metaplanet is aiming to hold 10,000 BTC by 2025 and 21,000 BTC in 2026. With this most recent acquisition, the company is strengthening its position in the evolving corporate world of Bitcoin adoption. This move further bridges the divide between traditional finance and the digital economy.