Metaplanet, a leading Japanese Bitcoin treasury company, has acquired an additional 1,004 Bitcoin for approximately $104.3 million. The purchase brings the company’s total Bitcoin holdings to 7,800 BTC, with an average price of $103,873 per BTC.
https://x.com/saylor/status/1924512531491569810
The company began accumulating Bitcoin in April 2024, starting with about 98 BTC at a cost of around 1 billion yen.
https://x.com/saylor/status/1924436184664559807
By the end of 2024, Metaplanet’s Bitcoin holdings had increased to nearly 1,762 BTC with a cost basis of approximately 20.9 billion yen. Since officially launching their Bitcoin Treasury Operations on December 18, 2024, Metaplanet has rapidly expanded its Bitcoin holdings. This growth was funded through capital market activities and operating income, increasing their total cost basis to over 105 billion yen.
Metaplanet’s BTC holdings have surged, with over 5,000 BTC added in 2025 alone. The company’s Bitcoin strategy has delivered significant returns for shareholders, with BTC yield reaching 47.8% quarter-to-date. In Q1 FY2025, Metaplanet reported its best quarter yet.
https://x.com/DylanLeClair_/status/1924668811166318821
Revenue hit ¥877 million, up 8% quarter-over-quarter, and operating profit reached a record ¥593 million, up 11%. Total assets jumped 81% to ¥55.0 billion, and net assets surged 197% to ¥50.4 billion.
Metaplanet BTC strategy successes
“Guided by this conviction, we pivoted in 2024 to become Japan’s first dedicated Bitcoin Treasury Company,” stated Metaplanet’s management in its Q1 earnings presentation. “In Q1 2025, we launched—and have already executed 87% of—a two-year, ¥116 billion ‘moving-strike’ warrant program: the largest and lowest-cost equity financing of its kind ever placed in Japan.”
The latest purchase is part of Metaplanet’s long-term goal to reach 10,000 BTC by the end of 2025. The company has financed its bitcoin acquisitions through a series of bond sales, most recently completing its 15th ordinary bond issuance, worth $15 million.
Metaplanet’s aggressive acquisition strategy underscores its growing commitment to bitcoin as a key asset in its investment portfolio. The company’s approach has outpaced MicroStrategy in terms of returns and speed of market Net Asset Value (mNAV) coverage. According to recent insights, Metaplanet has implemented a rapid Bitcoin acquisition model, showing quicker returns than MicroStrategy’s traditional approach.
The company has reached a 2x BTC yield within just three months, significantly ahead of its counterpart. As a result, its mNAV stands at 3.3x, with potential to grow further. Bitcoin remains the central asset as MicroStrategy and Metaplanet expand their holdings amid positive market conditions.
Bitcoin trades at $103,944 with a 0.18% daily gain, reflecting sustained momentum. This upward trend supports both companies’ strategies, though Metaplanet’s rapid approach appears more reactive to market movements.