Metaplanet Adds $118M in Bitcoin Amid Market Dip, Crosses $1B in Holdings

Metaplanet has purchased an additional 1,111 Bitcoin for $118.2 million, the Tokyo-listed investment firm said on Monday. The average purchase price was approximately $106,408 per Bitcoin. The leading cryptocurrency has dropped over 4% in the last week, now trading at just above $101,000.

With this latest acquisition, the company now holds 11,111 BTC on its balance sheet, valued at over $1.07 billion. The average cost basis stands at $95,869 per coin. Metaplanet shares traded down 3.5% today.

This marks a major milestone in Metaplanet’s aggressive Bitcoin accumulation strategy, which began mid-2024 and accelerated through early 2025. Metaplanet’s total stash has grown nearly 28-fold since December 2024.

*Metaplanet Acquires Additional 1,111 $BTC, Total Holdings Reach 11,111 BTC* pic.twitter.com/7ceEeSh1X4

— Metaplanet Inc. (@Metaplanet_JP) June 23, 2025

Metaplanet Reports Quarter to Date BTC Yield of 107.9%

Metaplanet reports a quarter-to-date BTC yield of 107.9%, up from 95.6% in Q1 and 309.8% in Q4 2024. The metric, which the firm uses as a key performance indicator, tracks Bitcoin per fully diluted share over time, excluding the effects of dilution. The firm also posted a BTC gain of 4,367 BTC for $451.2 million for the ongoing quarter, based on reference prices from Bitflyer.

The company has funded its Bitcoin purchases through a series of capital market activities, including multiple zero-coupon bond issuances and equity-based instruments. Since January, Metaplanet has issued and redeemed more than a dozen series of ordinary bonds and stock acquisition rights, largely subscribed by EVO FUND. Over 210 million shares have been issued under its “210 Million Plan.”

Metaplanet Wants to Buy 210,000 BTC by 2027

Often dubbed as Japan’s Strategy, the company aims to buy 210,000 Bitcoins by the end 2027.

Between May and June 2025 alone, Metaplanet raised over $300 million through bonds and exercised stock rights, with proceeds explicitly allocated for Bitcoin accumulation.

The company formalized Bitcoin Treasury Operations as a core business line in December 2024, a pivot from its hotel management business. Since then, it has disclosed regular updates on its BTC position, including total holdings, cost basis, and share dilution metrics.

As of June 23, Metaplanet’s fully diluted share count stood at 759 million, with Bitcoin per 1,000 fully diluted shares reaching 0.0146 BTC.

The company has not indicated a halt or slowdown in its Bitcoin acquisition strategy. It continues to use capital raised through financial instruments to increase exposure to the digital asset, in line with its stated goal of enhancing shareholder value through BTC accumulation.