Key Highlights
- Metaplanet has amassed 10,000 BTC, totaling an investment of nearly $947 million.
- The company issued $210 million in bonds to fuel its bitcoin acquisition, showing a strong commitment to maintaining bitcoin as a core asset.
Metaplanet (3350), a Tokyo-based firm, has escalated its bitcoin holdings to 10,000 BTC, overtaking Coinbase (COIN) to secure the ninth-largest institutional stash of bitcoin. Recently, Metaplanet acquired 1,112 BTC for $117.2 million, at an average price of $105,435 per BTC, as confirmed by CEO Simon Gerovich on X. This purchase increased its holdings beyond Coinbase’s 9,267 BTC, according to data from BitcoinTreasuries.com.
As of June 16, Metaplanet’s collective bitcoin investment amounts to approximately $947 million, reflecting an average purchase cost of $94,697 for each BTC. The company began its accumulation journey in April 2024.
Notably, Metaplanet’s performance metrics include a considerable rise in bitcoin yield, a unique indicator that evaluates the ratio change of total BTC holdings against outstanding shares. Recent quarterly figures are:
- Q3 2024: 41.7%
- Q4 2024: 309.8%
- Q1 2025: 95.6%
- Q2 2025 (up to June 16): 87.2%
To facilitate further BTC purchases, Metaplanet issued bonds with zero interest. The response from the market has been favorable, with shares rising 26% last Monday, reaching 1,895 yen.
