Story Highlights
- Metaplanet increased its Bitcoin holdings to 2,391 BTC with the recent $13.4M purchase.
- The corporation seeks 10,000 BTC by 2025, and 21,000 BTC by 2026.
- CEO confirms talks with NYSE and Nasdaq regarding worldwide expansion.
Metaplanet, a Japanese investment firm, has doubled down on its Bitcoin plan with a fresh purchase of 156 BTC worth $13.4 million, bringing its holdings to 2,391 BTC. The company purchased the Bitcoin at an average rate of $85,890 per BTC as it continues to ramp up the asset aggressively. Since adopting its Bitcoin strategy in April 2024, Metaplanet has been steadily accumulating digital assets. Today, its portfolio amounts to $196.3 million, with an average cost basis of $82,100 per BTC.
With the latest acquisition, Metaplanet’s 2025 BTC yield has already reached 31.8 percent, a metric that balances the ratio of Bitcoin accumulation against dilution of shares. In Q4 2024, it even posted a whopping BTC yield of 309.8 percent. Metaplanet’s share price also responded positively to the recent news, surging 21.15 percent on Monday to 4,010 yen. The overall crypto market rally enabled the firm to record its strong performance.
Metaplanet Strengthens Bitcoin Investment Plan
Metaplanet has financed its Bitcoin acquisitions with bond issuances. It issued 4 billion yen ($26.4 million) worth of zero-coupon bonds in February to EVO FUND. It redeemed 2 billion yen early on February 19 and settled the rest on February 21. A further 2 billion yen bond issue was executed on February 27, expiring on August 26, 2025.
CEO Simon Gerovich told Bloomberg that both the New York Stock Exchange (NYSE) and Nasdaq approached Metaplanet in a move seeming to signal its global expansion intentions. The business considers opportunities for floating its shares onto more overseas investors. Metaplanet is the second publicly listed firm to seize upon the latest collapse in the value of Bitcoin. It is following MicroStrategy’s path of using Bitcoin as an asset within company treasuries.
Corporate acceptance of Bitcoin continues to pick up steam, with 78 companies around the world now holding Bitcoin in their treasuries, according to crypto security firm Coinkite. Institutional interest in Bitcoin has been building momentum, helped in part by the introduction of Bitcoin exchange-traded funds (ETFs). BOB co-founder Dom Harz suggests that companies may potentially be able to add Bitcoin to their core line of business activities.
Metaplanet is holding firm to its long-term Bitcoin accumulation strategy, aiming to hold 10,000 BTC by 2025 and 21,000 BTC in 2026. With this most recent acquisition, the company is strengthening its position in the evolving corporate world of Bitcoin adoption. This move further bridges the divide between traditional finance and the digital economy.
