Metaplanet has acquired an additional 555 Bitcoin, raising its total to 5,555 BTC worth over $536 million. The Tokyo-based firm plans to issue $25 million in bonds to bolster its Bitcoin strategy and aims to launch a US subsidiary to tap into capital markets.
Metaplanet, a Tokyo-listed company in Japan, has recently hit a notable milestone by acquiring an additional 555 Bitcoin, pushing its total holdings to 5,555 BTC. This recent buy was disclosed on May 7, costing the firm roughly $53.4 million at an average price of $96,134 per Bitcoin. Interestingly, at today’s market rates, these holdings are valued at over $536 million, which is no small feat for the company led by CEO Simon Gerovich.
With the latest purchase, Metaplanet’s record shows total Bitcoin acquisitions of about $481.5 million, averaging out to approximately $86,672 per Bitcoin. To maintain its aggressive Bitcoin buying strategy, the firm plans to issue $25 million in zero-coupon ordinary bonds. This is part of a larger effort that has already raised over 35 billion yen (around $244 million) since the start of 2024, much of which was done through their partner Evo Fund.
The company seems to be enjoying some significant performance metrics too. Its unique key performance indicator known as BTC Yield has been on an upward trajectory, boasting figures like 309.8% in Q4 2024, dropping to 95.6% in Q1 2025, and 21% in the most recent quarter. Gerovich even celebrated their progress with a playful remark about the number five in Japanese, saying, “Go go go go — to the moon and beyond!” on X, now known as Twitter.
Not just resting on its Bitcoin acquisition laurels, Metaplanet announced the formation of a US subsidiary, Metaplanet Treasury Corp., based in Florida on May 1. This new venture aims to tap into US capital markets with the goal of raising up to $250 million to further expand its Bitcoin strategy.
Prominently, Metaplanet is now the largest public corporate holder of Bitcoin in Asia and ranks an impressive 11th globally according to BitcoinTreasuries.NET. Earlier in April, the company revealed it had acquired 696 BTC for 10.2 billion yen (around $67 million) and another 330 BTC for $28.2 million at an average price of $85,605 per Bitcoin, hiking its total holdings to 4,855.
On April 24, the firm further boosted its holdings, buying an additional 145 BTC for about $13.4 million in Japanese yen. All this seems to have had a positive impact, as their stock saw an 11% surge by midday on the Tokyo exchange, as per Google Finance data. This dynamic company is definitely one to keep an eye on as it continues on its path in the cryptocurrency space.
