Metaplanet Expands Bitcoin Holdings with $25.6M Purchase, Aiming for 10,000 BTC

The Japanese investment company Metaplanet has bolstered its Bitcoin strategy by purchasing 269.43 BTC at an average price of $95,000 per coin, which came to $25.6 million. This most recent acquisition, which was announced on February 17, brings the company’s total Bitcoin holdings to 2,031.41 BTC. With an average acquisition cost of $78,000 per Bitcoin, the company has been gradually growing its Bitcoin treasury, totaling $159 million in investment.

To assess its Bitcoin portfolio’s performance, Metaplanet tracks BTC Yield, a key metric measuring Bitcoin value against its fully diluted shares. The company reported a BTC Yield of 15.3% for Q1 2025, reflecting a significant rise following a 309.8% surge in late 2024. Since mid-2024, Metaplanet has rapidly increased its Bitcoin reserves, growing from just 141 BTC to over 1,760 BTC by the end of the year. This aggressive accumulation has made it one of Japan’s top institutional Bitcoin holders.

Following Strategy’s Lead Despite Market Challenges

Metaplanet’s Bitcoin accumulation mirrors the strategy adopted by Strategy (formerly MicroStrategy), the U.S.-based firm known for pioneering corporate Bitcoin investments. As of February 17, Strategy holds over $14.85 billion in unrealized profits from its BTC reserves, demonstrating its strong commitment to the asset.

Nevertheless, Strategy recorded a $670.8 million loss in Q4 2024, despite its long-term bullish outlook. This was in sharp contrast to its fourth-quarter earnings of $89.1 million the year before. According to its February 5 earnings release, the main reason for this loss was an impairment charge of $1.01 billion associated with Bitcoin holdings.

Institutional trust in Bitcoin is strengthened by the fact that Strategy is still the biggest corporate Bitcoin holder in spite of these losses. Motivated by this strategy, Metaplanet keeps growing its Bitcoin holdings in spite of Japan’s stringent cryptocurrency laws. Recent sources state that the corporation wants to further solidify its position as a significant institutional Bitcoin investor by accumulating 10,000 BTC by the end of 2025.