Japanese firm Metaplanet Inc. has crossed a major milestone, as it now holds 0.01% of Bitcoin’s 21 million supply limit, securing its place among the top 15 corporate Bitcoin holders globally.
The firm’s latest acquisition involved purchasing 68.59 BTC for approximately $6.6 million at an average price of $96,335 per Bitcoin, per a Wednesday statement. The purchase brings Metaplanet’s total Bitcoin holdings to 2,100 BTC, worth just over $204 million at today’s prices.
The Tokyo-based firm has been following the Bitcoin playbook of Strategy (previously MicroStrategy) co-founder Michael Saylor, expanding its Bitcoin reserves in a bid to become one of the largest Bitcoin holders in the world.
Since its strategic pivot towards Bitcoin in April 2024, Metaplanet has steadily increased its Bitcoin holdings, with plans to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
The company has adopted Bitcoin as a core part of its financial strategy to hold the world’s largest crypto as a hedge against Japan’s economic challenges, including high national debt and currency depreciation.
Metaplanet’s Bitcoin acquisition strategy has been financed through a combination of innovative funding methods, including plans to issue $745 million in zero-discount moving strike warrants, in what is called the largest-ever equity capital raise for Bitcoin in Asia.
Recently, the company raised $25.9 million (¥4 billion) through zero-interest, unsecured bonds, which will directly fund its Bitcoin purchases.
With its BTC yield performance showing impressive results—18% year-to-date for 2025 and a record 309.8% in Q4 2024—Metaplanet’s Bitcoin strategy has so far paid off.
BTC yield refers to the percentage change in the ratio of total Bitcoin holdings to fully diluted shares outstanding, and it is used to assess the effectiveness of Metaplanet’s Bitcoin acquisition approach.
The firm’s scheme to purchase Bitcoin in stages, in favorable market conditions, has positioned it to continue expanding its holdings while protecting shareholder value.
Following the milestone announcement, Metaplanet’s stock rose 2.78% on Tuesday to close at $41.90 (¥6,290.00), per Google Finance data.
A new wave of corporations from multiple industries is jumping on the Bitcoin craze, including the likes of Rumble Inc., with plans to allocate up to $20 million in Bitcoin, and KULR Technology, which recently added 510 BTC to its balance sheet.
Gumi Inc., Japan’s leading mobile game developer, is also preparing to acquire $6.58 million in Bitcoin to strengthen its blockchain and Web3 initiatives.
Strategy still leads the Bitcoin corporate holders list with over 478,740 BTC, valued at over $46 billion. It’s followed by Mara Holdings and Riot Platforms, which hold 45,221 BTC and 18,211 BTC, respectively, as per Bitcoin Treasuries data.
Strategy executive chairman Michael Saylor acknowledged Metaplanet’s latest Bitcoin acquisition, describing its holdings as “One Basis Point of Bitcoin.”
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https://decrypt.co/306923/metaplanet-now-holds-0-01-of-bitcoins-total-supply
2025-02-20 10:09:28
