Japanese investment firm Metaplanet has finalized its acquisition of 10,000 Bitcoin (BTC), exceeding its original 2025 target by six months and establishing itself as the ninth-largest public Bitcoin holder globally.
“Metaplanet has acquired 1,112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we hold 10,000 BTC acquired for ~$947 million at ~$94,697 per bitcoin.” – CEO Simon Gerovich
Commencing purchases in April 2024, Metaplanet built its Bitcoin treasury strategically through multiple acquisitions, funded partly by raising capital via bonds and equity. The most recent $210 million zero-interest bond issuance (“18th Series”) maturing December 2025 provides funds specifically for further Bitcoin procurement.
This momentum is underpinned by the company’s “210 Million Plan,” which included a significant ¥770.9 billion (~$5.4 billion) equity raise via moving strike warrants, representing the largest public capital raise for Bitcoin-related activity in Asia.
The corporate Bitcoin strategy appears resonating with shareholders. Following the announcement of the bond issuance, Metaplanet’s stock surged 22% during trading and has increased 430% year-to-date, significantly outperforming broader Japanese indices.
A proprietary performance metric, “BTC Yield,” tracks the increase in Bitcoin holdings against fully diluted shares, currently standing at 266.1% YTD.
With the initial 2025 goal achieved faster than anticipated, Metaplanet has ambitiously set a new target: acquiring a further 200,000 BTC (reaching a total of 210,000 BTC, or approximately 1% of total Bitcoin) by the end of 2027. Intermediate stretch goals include reaching 30,000 BTC by year-end 2025 and 100,000 BTC by 2026.
This corporate trajectory echoes Michael Saylor’s Strategic Mining Inc., the seminal US entity pioneering large-scale corporate Bitcoin accumulation.
Metaplanet’s activity is part of a broader global trend, with over 150 public companies now holding more than 800,000 BTC, valued collectively at over $100 billion. Recent corporate additions to the space include Mercury Fintech Holding and K33 Innovations.
