Metaplanet Inc. has further deepened its Bitcoin holdings with the purchase of an additional 1,111 BTC, bringing its total treasury to 11,111 BTC, according to a regulatory filing released June 23.
The Tokyo Stock Exchange-listed firm disclosed that the latest acquisition cost approximately ¥17.26 billion (about $108 million), with each Bitcoin purchased at an average price of roughly ¥15.54 million, around $97,000 per BTC. This comes barely a week after Metaplanet surpassed its 2025 goal of 10,000 BTC, signaling a rapid acceleration in its accumulation strategy.
Metaplanet’s bold treasury plan, originally dubbed the “21 Million Plan” in reference to Bitcoin’s fixed supply, was updated earlier this month. The revised roadmap now sets an ambitious target of 30,000 BTC by the end of 2025 and 100,000 BTC by the close of 2026. In the long term, the company aims to secure 210,000 BTC, approximately 1% of Bitcoin’s total supply, by 2027.
CEO Simon Gerovich reaffirmed the company’s stance on Bitcoin as a core strategic asset, emphasizing Metaplanet’s unique positioning as a tax-efficient investment vehicle for Japanese investors seeking BTC exposure.
To fund its aggressive buying spree, Metaplanet has leaned heavily on convertible bonds and stock warrants. In a related move, the company also announced a ¥558.7 million equity allotment to EVO FUND on the same day via the issuance of new stock acquisition rights.
The impact of these acquisitions is evident in Metaplanet’s custom performance metric, known as “BTC Yield,” which tracks Bitcoin accumulation relative to the firm’s fully diluted share count. As of June 23, the metric soared to 107.9% quarter-to-date, up sharply from 95.6% in Q1, reflecting enhanced capital efficiency despite ongoing equity issuance.
Analysts have begun raising red flags about the meteoric rise of what Coinbase recently dubbed the “attack of the clones” — a surge in public companies adopting Bitcoin-heavy balance sheets. With over 220 such firms globally, Coinbase warned that aggressive capital raises to fund BTC buys could strain both investor confidence and broader market stability.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
