Japanese investment firm Metaplanet has significantly increased its BTC holdings with a fresh Bitcoin purchase worth $126.7 million on May 12, marking another bold move in its ongoing crypto investment strategy.
Metaplanet’s Latest Bitcoin Acquisition
CEO Simon Gerovich announced the purchase on X, revealing that the firm acquired 1,271 BTC at an average price of $102,119 per coin. This latest acquisition raises Metaplanet’s total Bitcoin holdings to 6,796 BTC, pushing it closer to its 2025 goal of accumulating 10,000 BTC.
So far, the company has invested approximately $608.2 million in Bitcoin, with an average acquisition cost of $89,492 per BTC. This aggressive strategy underscores Metaplanet’s confidence in the long-term value of Bitcoin and its commitment to increasing BTC holdings.
Tracking Growth: BTC Yield and Performance
Metaplanet measures its performance using BTC Yield, a unique metric that calculates the percentage increase in Bitcoin per fully diluted share. Between January and April 2025, the firm reported a 170.0% year-to-date BTC Yield, highlighting the effectiveness of its accumulation strategy.
The pace of buying has accelerated in recent months. Just five days before the latest purchase, Metaplanet bought 555 BTC on May 7. April saw four separate buys totaling 18,586 BTC, while March was even more aggressive with six acquisitions adding up to 18,925 BTC—each purchase larger than the last.
Funding the BTC Strategy
Metaplanet has financed its Bitcoin purchases through a mix of bond issuance and stock acquisition rights. Its latest fundraising round—the 13th Series of Ordinary Bonds—raised $25 million on May 7, reinforcing its ability to fund large-scale crypto investments.
Outperforming Competitors
The Tokyo-listed firm is gaining attention for outperforming competitors like Strategy. Blockstream CEO Adam Back noted that Metaplanet’s BTC position delivered a 2x return in just three months, compared to Strategy’s 19-month timeline for a similar return.
Back also highlighted that Metaplanet’s modified NAV is growing 3.8 times faster, potentially pushing the firm’s share price from ¥533 to ¥1,340 based on current momentum.
Surpassing Nation-States in Bitcoin Holdings
Following this latest move, Metaplanet now holds more BTC than El Salvador, which owns 6,714 BTC. Gerovich celebrated the milestone on X, stating:
“From humble beginnings to rivaling nation-states, we’re just getting started.”
With 6,796 BTC under its belt, Metaplanet is now 68% of the way toward its 2025 BTC goal. Its long-term ambition is to acquire 21,000 BTC, roughly 0.1% of Bitcoin’s total supply.
Market Reaction
Following the announcement, Google Finance data shows that Metaplanet’s stock rose 4.96% in the last 24 hours, now trading at ¥550.00, signaling positive investor sentiment surrounding its crypto strategy.
