Metaplanet Doubles Down on Bitcoin—Now Holds 8,888 BTC After Latest 1,088 Coin Purchase

Tokyo-listed Metaplanet just loaded up on another 1,088 Bitcoin—because apparently, corporate treasuries weren’t volatile enough already.

The move brings their total stash to 8,888 BTC, a number so auspicious it almost makes you forget about their last earnings call.

While traditional finance clings to yield curves and EBITDA, crypto-native firms keep treating Bitcoin like a balance sheet bandaid. Will this end in tears or Lambos? Only the blockchain knows.

Aggressive Bond Issuances Fuel Metaplanet’s Rapid BTC Accumulation

To fund its crypto purchases, the company has been tapping capital markets at speed. On May 29, Metaplanet issued $21m through its 17th series of zero-coupon, non-interest-bearing bonds. This followed a $50m bond issuance slightly earlier. Proceeds from both have gone directly into Bitcoin acquisitions.

Metaplanet now holds Bitcoin acquired at an average price of 13.76m yen per coin, or about $96,300, totaling 122.27b yen, which translates to about $856m. In just over two months, its holdings have soared from 4,046 BTC at the end of March to 8,888 BTC by early June, more than doubling its position.

Metaplanet Cements Its Bitcoin-Centric Strategy With BTC Yield Up 66%

The company tracks performance using a proprietary metric called BTC Yield. This measures Bitcoin accumulation per fully diluted share.

Between April and June, BTC Yield ROSE 66.3%. This followed a sharp 95.6% jump in the previous quarter.

When converted to yen, and then to dollars, the gains show the impact of Metaplanet’s strategy on shareholder value. This comes despite the dilutive effect of new equity issuance.

In Dec. 2024, Bitcoin was formally made a Core business vertical. Since then, Metaplanet has steadily pursued its vision through aggressive capital deployment.

Now, as one of Asia’s boldest corporate adopters of Bitcoin, the company shows no signs of slowing down.