Metaplanet Inc. has added 1,111 BTC to its treasury, bringing its total holdings to 11,111 BTC, per a June 23 regulatory filing. The Tokyo-listed firm continues its aggressive Bitcoin accumulation strategy.

The new Bitcoin haul cost ¥17.26 billion (around $108 million), averaging ¥15.54 million or $97,000 per BTC. This buy came just days after the company surpassed its 2025 goal of 10,000 BTC.

Metaplanet’s updated “21 Million Plan” now targets 30,000 BTC by end-2025 and 100,000 BTC by 2026. The ultimate goal? 210,000 BTC — 1% of Bitcoin’s total supply — by 2027.

To fund its purchases, Metaplanet uses convertible bonds and stock warrants. On June 23, it allotted ¥558.7 million in equity to EVO FUND through new stock acquisition rights.

Metaplanet’s “BTC Yield” jumped to 107.9% in Q2. But analysts and Coinbase warn of risks, as over 220 public firms adopt similar Bitcoin-heavy strategies, potentially shaking investor confidence.