Japanese investment firm Metaplanet continues to make headlines with its aggressive Bitcoin investment strategy. On June 2, the Tokyo-based company announced it had purchased an additional 1,088 BTC, worth approximately $117.7 million. This latest move brings its total holdings to 8,888 BTC, currently valued at around $851 million.
Closing in on 9,000 BTC
Metaplanet acquired the new batch of Bitcoin at an average price of $108,209 per BTC. The investment, though bold, comes at a time when Bitcoin is trading at $104,848—about $4,600 lower than the purchase price.
Despite the short-term dip, this significant buy pushes Metaplanet up the leaderboard. According to Bitcoin Treasuries, the firm is now the 10th largest corporate Bitcoin holder. Still, it trails far behind MicroStrategy, now rebranded as “Strategy,” which holds an industry-leading 580,250 BTC.
Bitcoin Market Update
At the time of writing, Bitcoin is up 0.4% over the last 24 hours. The market cap has hit $2 trillion, and the daily trading volume sits at $18.6 billion, up 15.3% from the previous day. This uptick signals rising activity and growing interest in the crypto market, despite current price fluctuations.
Metaplanet’s BTC Yield Metric
In addition to its latest purchase, Metaplanet shared updates on its BTC Yield—a metric comparing its Bitcoin holdings to its fully diluted shares.
- Q1 2025 (Jan–Mar) saw the highest yield of the year at 95.6%.
- In contrast, end of 2024 recorded a much higher yield at 309.8%.
- From April 1 to June 2, BTC Yield dropped to 66.3%, reflecting slower growth despite increasing Bitcoin accumulation.
Funding Strategy: $50M in 0% Bonds
To finance its latest Bitcoin investment, Metaplanet issued $50 million in 0% ordinary bonds to venture capital firm EVO FUND. According to company filings, the proceeds are earmarked entirely for future Bitcoin purchases, reinforcing Metaplanet’s deep commitment to long-term crypto exposure.
Long-Term Vision
Metaplanet continues to solidify its reputation as Japan’s version of MicroStrategy. While it has some ground to cover before catching up to giants like Strategy, its consistent buying strategy and strong BTC Yield performance suggest it’s in it for the long haul.
