Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $44 million purchase, a move that has propelled its stock price up by 19% today.
CEO Simon Gerovich announced in a March 5 post on X that the firm acquired 497 BTC at an average price of $88,448 per coin, totaling $43.9 million. He also highlighted that the company has achieved an impressive 45% year-to-date yield.
Metaplanet has acquired 497 BTC for ~$43.9 million at ~$88,448 per bitcoin and has achieved BTC Yield of 45.1% YTD 2025. As of 3/5/2025, we hold 2888 $BTC acquired for ~$240.2 million at ~$83,172 per bitcoin. pic.twitter.com/0cOlXfaq8w
— Simon Gerovich (@gerovich) March 5, 2025
In its official statement, Metaplanet revealed that this latest acquisition has brought its total Bitcoin holdings to 2,888 BTC, with an average purchase price of $84,240 per coin. At Bitcoin’s current price of approximately $87,150, the firm’s holdings are now valued at around $251 million.
However, Bitcoin has been on a downward trend, dropping about 8.5% over the past two weeks. It reached a three-month low of under $80,000 on February 28, as market concerns grew over a potential trade war driven by former U.S. President Donald Trump’s proposed tariffs.
Despite the broader market decline, Metaplanet’s stock has surged. By 2 p.m. local time on March 5, shares on the Tokyo Stock Exchange had climbed 19%, trading at approximately 3,985 Japanese yen (about 26.60), according to Google Finance.
This latest purchase has also solidified Metaplanet’s position as Asia’s largest corporate Bitcoin holder, surpassing Chinese gaming giant Boyaa Interactive International, which currently holds 2,410 BTC, according to BitBo data. Additionally, Metaplanet has climbed the global rankings, now standing as the 12th-largest corporate Bitcoin holder—a testament to its aggressive accumulation strategy.
Notably, this is Metaplanet’s second Bitcoin purchase this week, following its acquisition of 156 BTC on March 3. At the time, Gerovich hinted at the firm’s broader ambitions, revealing that it was exploring a potential international listing, with the U.S. as a possible destination.
To fuel its ongoing Bitcoin acquisition spree, Metaplanet has been actively raising capital through bond issuances. In February, the firm sold 4 billion yen (roughly 26.4 million) in zero-coupon bonds, followed by another 2 billion yen (approximately 13.2 million) issuance on Feb. 27 under its 7th Series of Ordinary Bonds, which is set to mature in August 2025.
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