Metaplanet, a Japanese company, has further increased its Bitcoin holdings by purchasing 1,088 BTC at an average price of 15.5 million yen per coin, which is approximately $108,600.
This latest investment, amounting to 16.89 billion yen or around $118 million, brings its total Bitcoin reserves to 8,888 BTC. The announcement was made on Monday and signifies Metaplanet’s significant transformation from its initial role as a budget hotel operator to a corporation prioritizing Bitcoin in its treasury strategy.
The transition, initiated in 2024, has resulted in a substantial surge in the company’s stock price, while also attracting increased scrutiny from hedge funds.
CEO Simon Gerovich highlighted that Metaplanet has become Japan’s most shorted stock and cautioned that betting against the firm equates to betting against Bitcoin itself.
*Metaplanet Acquires Additional 1,088 $BTC, Total Holdings Reach 8,888 BTC* pic.twitter.com/X2clAIKNbR
— Metaplanet Inc. (@Metaplanet_JP) June 2, 2025
Metaplanet’s Growth Driven by Aggressive Bond Issuances
To finance its Bitcoin acquisitions, the company has been actively engaging in the capital markets. On May 29, Metaplanet raised $21 million through the issuance of its 17th series of zero-coupon, non-interest-bearing bonds, following a previous $50 million bond issuance. Proceeds from these transactions have been directed entirely towards Bitcoin purchases.
Currently, Metaplanet’s Bitcoin was acquired at an average price of 13.76 million yen per coin, roughly $96,300, amounting to a total investment of 122.27 billion yen, or about $856 million. Over a span of just two months, its Bitcoin holdings have risen dramatically from 4,046 BTC at the end of March to 8,888 BTC in early June, more than doubling its assets.
Significant Gains in BTC Yield Reinforce Metaplanet’s Strategy
The company monitors its performance through a unique metric known as BTC Yield, which quantifies Bitcoin accumulation per fully diluted share.
From April to June, BTC Yield experienced a remarkable climb of 66.3%, building on an impressive 95.6% increase in the preceding quarter.
When translated into yen and subsequently dollars, these gains underscore the effectiveness of Metaplanet’s Bitcoin-centric strategy on shareholder value, even in light of the dilutive effects of new equity issuances.
In December 2024, Bitcoin was officially integrated as a core business vertical for Metaplanet. Since that time, the company has aggressively pursued its vision through strategic capital deployments and investments.
As a result of its bold initiatives, Metaplanet has established itself as one of Asia’s leading corporate advocates for Bitcoin and shows no inclination to slow its momentum.
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