Peter Smith
Japanese investment firm Metaplanet (BTC) has acquired an additional 269.43 BTC for approximately $25.9 million, further strengthening its Bitcoin reserves. The company continues its aggressive "Bitcoin-first" strategy, aiming for 10,000 BTC by year-end.
Metaplanet (BTC) Increases Holdings to Over 2,000 BTC
Metaplanet announced its latest Bitcoin purchase on Monday, bringing its total holdings to 2,031.41 BTC. The firm acquired the cryptocurrency at an average price of 14,846,322 yen ($97,985.73) per BTC, reinforcing its long-term commitment to digital assets.
Metaplanet tracks BTC Yield as a key metric, measuring its Bitcoin holdings relative to outstanding shares. The yield saw extreme fluctuations over the past year:
- July 1 – Sept. 30, 2024: 41.7%
- Oct. 1 – Dec. 31, 2024: 309.8%
- Jan. 1 – Feb. 17, 2025: 15.3%These shifts reflect Bitcoin’s volatile nature and Metaplanet’s evolving accumulation strategy.
Metaplanet (BTC) Approves Stock Warrants for EVO FUND
On January 28, Metaplanet’s Board of Directors approved the issuance of Series 13-17 stock warrants through a private placement for EVO FUND. The offering includes five tranches of 4.2 million shares each, totaling 21 million, further securing the company’s financial position.
Metaplanet has become a standout performer in the Japanese stock market, skyrocketing over 4,000% in the past year. The surge follows its adoption of a "Bitcoin-first, Bitcoin-only" model, mirroring the strategy pioneered by Michael Saylor’s MicroStrategy. This shift has positioned Metaplanet as a key player in corporate Bitcoin accumulation.
Metaplanet (BTC) Targets 10,000 BTC Holdings
Looking ahead, Metaplanet aims to expand its Bitcoin reserves to 10,000 BTC by the end of the year. The company plans to leverage strategic partnerships to promote Bitcoin adoption in Japan and globally.
Beyond crypto investments, Metaplanet generates revenue through Bitcoin-related activities, including selling put options on BTC. Additionally, its subsidiary Wen Tokyo Co. operates the Royal Oak Hotel in Tokyo’s Gotanda district, diversifying the company’s income streams.
Peter Smith
