Metaplanet, a Tokyo listed public company, has increased its Bitcoin treasury by purchasing 1,112 BTC for around $117.2 million. Metaplanet now owns 10,000 BTC which achieves its original target for 2025. The latest purchase bought Bitcoin for an average price of $105,435. Metaplanet announced that their treasury totals 10,000 BTC, acquired for $947 million at an average price of $94,697 per Bitcoin. This is the second Bitcoin purchase made by Metaplanet this month. The company bought 1,088 BTC for $117.3 million on June 2. Metaplanet also announced the issuance of Bonds to fund the purchase of more Bitcoin. The bonds amount to $210 million and are set to mature on 12 December 2025.
The Tokyo listed company has surged through the rankings of corporate treasuries and now surpasses Coinbase’s Bitcoin holdings. Coinbase holds 9,267 BTC which is 733 BTC short of Metaplanet’s 10,000 BTC. The latest equity offering aims to create 555 million shares and create $5.4 billion over the next two years to buy more Bitcoin. The company has updated their strategy to become more ambitious and join an exclusive club of owning 1% of the total Bitcoin supply. Metaplanet aims to heavily invest in the cryptocurrency market and has already taken bold moves to achieve their goals.
The board of directors at Metaplanet made the decision to issue the 18th series of a zero coupon non-interest bonds. Investors can possibly redeem the bonds earlier if fund raising activities are successful. The company assured investors that the bond issuance will have minimal impact on the financial results of the year 2025. On January 28, the board of directors approved of the issuance of stock acquisition rights. The issuance included five tranches with 4.2 million shares in each tranche, totalling 21 million shares. Metaplanet has used various strategies to acquire Bitcoin tokens, and has successfully built up a treasury that places them in a positive position to profit from long term price movements.
Metaplanet has an ambitious strategy to accumulate 210,000 BTC by the end of 2027. The amount equals 1% of Bitcoin’s total supply. The company has been achieving its goal by creating the largest ever equity raise in the Asian region, issuing 555 million shares to raise $5.4 billion to buy more Bitcoin. Investors have been largely supportive of the strategy despite knowing about the risks involved. Traditional investors have criticised the strategy for leveraging the corporate balance sheet to buy Bitcoin. Metaplanet has had success with such schemes in the past, such as with its ‘210 million plan’ which involved raising $650 million in 60 days, while tripling the stock price during the process.
Simon Gerovich, Metaplanet CEO, announced the good news about the Bitcoin acquisition, adding that the BTC Yield was 266.1% year to date for 2025. The Bitcoin price possibly reacted to the large trade, moving around 2.3% from $105k to $107k. Cryptocurrencies have made a bull run and could be influenced by corporate strategies such as this one. Gerovich announced that the ‘555 million plan’ was on track. The plan is inspired by the previous ‘210 million plan’, which was a success. The plan now is to complete 30k BTC by the end of 2025, which is an increase from the previous goal of 10k BTC. Metaplanet will seek 100k BTC by the end of 2026, and 210k BTC by the end of 2027. This will allow them to own 1% of the total supply of Bitcoin’s 21 million cap.
