Metaplanet Seizes Market Dip to Scoop Up $118M in Bitcoin—Now Holds Over $1B in BTC

When others zig, Metaplanet zags—loading up on Bitcoin as weak hands panic-sell. The Tokyo-based investment firm just dropped another nine figures into BTC during last week's 15% price slump.

All-in on orange coin

With this $118 million purchase, Metaplanet's total Bitcoin holdings now exceed $1 billion. The move comes as institutional players increasingly treat BTC as a treasury asset—though we'd bet their CFO still winces at the volatility.

While traditional finance scrambles to tokenize everything, some players are cutting out the middleman entirely. Metaplanet's latest buy reinforces Bitcoin's role as the original—and still most controversial—corporate reserve asset. Just don't ask them to mark-to-market during a 30% correction.

Metaplanet Reports Quarter to Date BTC Yield of 107.9%

Metaplanet reports a quarter-to-date BTC yield of 107.9%, up from 95.6% in Q1 and 309.8% in Q4 2024. The metric, which the firm uses as a key performance indicator, tracks bitcoin per fully diluted share over time, excluding the effects of dilution. The firm also posted a BTC gain of 4,367 BTC for $451.2 million for the ongoing quarter, based on reference prices from Bitflyer.

The company has funded its Bitcoin purchases through a series of capital market activities, including multiple zero-coupon bond issuances and equity-based instruments. Since January, Metaplanet has issued and redeemed more than a dozen series of ordinary bonds and stock acquisition rights, largely subscribed by EVO FUND. Over 210 million shares have been issued under its “210 Million Plan.”

Metaplanet Wants to Buy 210,000 BTC by 2027

Often dubbed as Japan’s Strategy, the company aims to buy 210,000 Bitcoins by the end 2027.

Between May and June 2025 alone, Metaplanet raised over $300 million through bonds and exercised stock rights, with proceeds explicitly allocated for Bitcoin accumulation.

The company formalized Bitcoin Treasury Operations as a Core business line in December 2024, a pivot from its hotel management business. Since then, it has disclosed regular updates on its BTC position, including total holdings, cost basis, and share dilution metrics.

As of June 23, Metaplanet’s fully diluted share count stood at 759 million, with Bitcoin per 1,000 fully diluted shares reaching 0.0146 BTC.

The company has not indicated a halt or slowdown in its Bitcoin acquisition strategy. It continues to use capital raised through financial instruments to increase exposure to the digital asset, in line with its stated goal of enhancing shareholder value through BTC accumulation.