Key Points
- Metaplanet has expanded its Bitcoin treasury by adding 135 more Bitcoins.
- The company’s stock price has skyrocketed by over 3000% since it started purchasing Bitcoin in April 2024.
Metaplanet, a prominent Japanese corporate investor in Bitcoin, has recently bolstered its Bitcoin treasury by 135 Bitcoins.
The company disclosed this acquisition, worth 1.939 billion yen ($12.8 million), on February 25. This purchase has increased Metaplanet’s total Bitcoin holdings to 2,235 BTC, each acquired at an average price of 12.44 million yen ($82,000).
Growth of Bitcoin Holdings
Similar to Strategy (previously known as MicroStrategy), which has the largest corporate Bitcoin treasury, Metaplanet has been steadily increasing its Bitcoin holdings since the inception of its Bitcoin Treasury Operations.
The BTC Yield of the company, which indicates the amount of Bitcoin held per share, surged by 309.8% in the fourth quarter of 2024. However, this growth rate decelerated to 23.2% in early 2025 as Metaplanet augmented the number of its shares.
Funding Bitcoin Purchases
To finance its Bitcoin acquisitions, Metaplanet has been leveraging capital market activities. In January, it offered 21 million stock acquisition rights to the EVO FUND managed by Evolution Capital Management. This was followed by early bond redemptions worth 4 billion yen ($26.5 million) in February.
Since it embarked on Bitcoin purchases in April 2024, Metaplanet’s stock price has seen a massive increase of over 3000%, making it Japan’s best-performing stock. The company announced a 10-to-1 stock split on February 18, which will be implemented on April 1, to make its shares more accessible.
This comes after a reverse stock split in August 2024, where ten shares were consolidated into one. Now, with the stock price exceeding 6000 yen per share, the company is dividing shares again to enhance liquidity and attract new investors.
Metaplanet’s approach could serve as a model for other businesses considering the integration of Bitcoin into their balance sheets, especially in light of Japan’s forward-thinking stance on the cryptocurrency.