Metaplanet’s Bitcoin Binge: 1,004 BTC Purchase Nears Top 10 Holdings

Tokyo-listed Metaplanet just turbocharged its crypto reserves—snapping up another 1,004 Bitcoin in a single move. At this rate, they’ll crack the top 9 corporate BTC holders before Wall Street finishes its morning coffee.

Key details: The strategic accumulation mirrors MicroStrategy’s playbook, minus the tiresome earnings calls. With Bitcoin hovering near all-time highs, the firm’s treasury pivot looks either prescient or recklessly trendy—depending on which finance bro you ask.

Bottom line: While traditional investors debate ’store of value’ theories, Metaplanet’s balance sheet is now a leveraged bet on the crypto thesis. Nothing like denominating your net worth in volatility.

TLDR

• Metaplanet has purchased 1,004 Bitcoin for approximately $104.6 million as Bitcoin approached its all-time high.
• This acquisition brings Metaplanet’s total Bitcoin holdings to 7,800 BTC valued at around $807 million.
• The firm’s latest move marks its second-largest single Bitcoin purchase to date.
• Metaplanet could surpass Galaxy Digital Holdings with another purchase of just 301 BTC.
• The company reported a first-quarter Bitcoin yield of 95.6% and 47.8% in the second quarter.

Metaplanet has made its second-largest Bitcoin acquisition to date, purchasing 1,004 BTC as the cryptocurrency approached record highs. The firm acquired the Bitcoin for approximately 15.2 billion yen ($104.6 million), expanding its holdings to 7,800 BTC. This aggressive move positions Metaplanet just behind Galaxy Digital Holdings in corporate Bitcoin rankings.

Metaplanet Accelerates Bitcoin Accumulation Strategy

Metaplanet continues to increase its Bitcoin exposure, purchasing 2,800 BTC in May alone across multiple transactions. The company has now made 11 separate purchases since March, reflecting an aggressive growth trajectory. In April, it added 794 BTC through four buys, while March saw six purchases totaling 1,655 BTC.

This recent 1,004 BTC acquisition is second to its May 12 purchase of 1,241 BTC, valued at $129 million. That earlier buy pushed Metaplanet’s holdings above those of El Salvador, previously a top institutional holder. With 301 more BTC, Metaplanet WOULD overtake Galaxy Digital’s 8,100 BTC, moving into ninth globally among public firms.

Metaplanet currently holds the largest bitcoin treasury among public companies based in Asia. The company’s rapid accumulation places it tenth globally, according to BiTBO’s latest corporate BTC holdings data. Its consistent purchases signal a long-term strategic shift toward digital assets.

BTC Holdings Boosts Shareholder Metrics

Metaplanet reported a Bitcoin Yield of 95.6% for the first quarter, based on the change in BTC per fully diluted share. The firm also posted a 47.8% yield for the second quarter, reflecting strong performance amid rising prices. This metric tracks the growth of Bitcoin holdings relative to outstanding shares.

These yields indicate significant shareholder growth and mark Metaplanet’s expanding role in the corporate crypto market. Rising Bitcoin prices have amplified the value of Metaplanet’s holdings, now worth approximately $807 million. The firm is leveraging market momentum to consolidate its position.

Its consistent purchases align with recent market data showing businesses as leading Bitcoin buyers. Research from River revealed that corporations have outpaced ETFs, governments, and retail participants in net Bitcoin acquisitions this year. Metaplanet’s activity exemplifies this trend with a sustained buying strategy.

Saylor Signals Activity as Strategy Remains Dominant

Strategy, led by Michael Saylor, continues to dominate with 568,840 BTC worth $59 billion under its management. Strategy controls 77% of the corporate growth in Bitcoin holdings this year, remaining well ahead of competitors. Saylor has also hinted at further activity through social media updates.

Never short a man who buys orange ink by the barrel. pic.twitter.com/4h2sEbIraT

— Michael Saylor (@saylor) May 18, 2025

While Strategy remains the global leader, firms like Metaplanet are quickly narrowing the gap with high-frequency acquisitions. The competition among public companies to build Bitcoin reserves is intensifying. With more purchases, Metaplanet could shift further up the global rankings.

Despite these developments, Strategy maintains a substantial lead, with holdings nearly 70 times larger than Metaplanet’s. Still, Metaplanet’s fast-paced accumulation sets a new benchmark in Asia. The firm’s focus on expanding its crypto treasury continues to influence the broader corporate landscape.