Metaplanet Inc., a Tokyo-listed company, has made another significant move in the corporate Bitcoin landscape by acquiring 1,111 additional BTC, bringing its total holdings to 11,111 BTC as of June 23, 2025. This latest purchase, valued at approximately ¥17,26 billion (about $108 million), was executed at an average price of ¥15,535,502 (roughly $106,408) per Bitcoin, according to the company’s official filing .
A New Benchmark in Corporate Bitcoin Holdings
With this acquisition, Metaplanet cements its position as the world’s eighth-largest corporate Bitcoin holder, now managing a treasury valued at over $1 billion . The company’s rapid accumulation strategy has seen its Bitcoin reserves grow from just under 400 BTC to over 11,000 BTC in less than a year, outpacing even its own ambitious targets. Notably, this purchase comes just a week after Metaplanet surpassed its initial 2025 goal of 10,000 BTC, highlighting a sharp acceleration in its buying activity .
Capital Strategy: Bonds, Shares, and Bitcoin Yield
Metaplanet’s aggressive treasury approach is underpinned by a mix of capital market maneuvers. The company has raised funds through both zero-coupon bonds and multiple tranches of share issuance, channeling this capital directly into Bitcoin acquisitions. Over the past nine months, the number of issued shares has increased from 181 million to over 600 million, yet the company’s Bitcoin per diluted share has also risen—from 0.0008781 to 0.0146377—demonstrating that Bitcoin accumulation is outpacing equity dilution .
A key performance metric, BTC Yield, measures the growth of Bitcoin holdings relative to the company’s fully diluted share count. In the latest quarter, BTC Yield surged to 107.9%, up from 95.6% in the previous quarter, reflecting the accretive impact of these strategic purchases .
Ambitious Roadmap: 30,000 BTC by Year-End
Metaplanet’s vision extends far beyond its current holdings. The company has revised its original “21 Million Plan” and now targets 30,000 BTC by the end of 2025 and 100,000 BTC by the end of 2026. CEO Simon Gerovich has positioned Bitcoin as a core strategic asset, describing Metaplanet as a tax-advantaged vehicle for Japanese investors seeking exposure to Bitcoin .
Why This Matters for Crypto and Investors
Metaplanet’s bold treasury strategy signals a growing trend among public companies to use Bitcoin as a primary reserve asset. By leveraging capital markets and focusing on per-share Bitcoin growth, Metaplanet offers a unique model for corporate crypto adoption. As the company continues to scale its holdings, it sets a new benchmark for institutional participation in the Bitcoin ecosystem.
