Japanese firm Metaplanet acquires 1,005 BTC, pushing its total holdings to 13,350 Bitcoin worth $1.31 billion.
Key Takeaways
- 1Metaplanet has purchased 1,005 BTC for $108.1 million, raising its total to 13,350 BTC
- 2The firm issued $208 million in zero-interest bonds to fund further Bitcoin purchases and debt repayment
- 3Shares surged 10% after the announcement, signaling strong investor confidence
- 4Metaplanet aims to reach 30,000 BTC by year-end and 210,000 BTC by 2027
Bitcoin Buying Spree Puts Metaplanet in Global Spotlight
Metaplanet, a Japanese investment firm listed on the Tokyo Stock Exchange, is rapidly ascending the global crypto ranks. On June 30, the company acquired 1,005 Bitcoin for $108.1 million, bringing its total holdings to 13,350 BTC worth approximately $1.31 billion. This aggressive buying spree has elevated Metaplanet to the fifth-largest corporate Bitcoin holder, surpassing institutions such as Galaxy Digital and CleanSpark.
Details of the Acquisition and Funding Strategy
The latest purchase was made at an average price of $107,601 per coin, while the firm’s cumulative average acquisition cost now stands at $97,832 per BTC. This surge of 10,000 BTC in just three months underscores the company’s commitment to Bitcoin as a strategic treasury asset.
To support its growing portfolio, Metaplanet issued 30 million yen ($208 million) in zero-coupon, unsecured bonds, all of which were fully subscribed by EVO FUND. The capital will be used to refinance existing debt and fund additional Bitcoin acquisitions, reflecting a calculated long-term investment strategy.
Highlights:
- Latest acquisition: 1,005 BTC
- Total holdings: 13,350 BTC
- Current value: $1.31 billion
- Bond issuance: $208 million at 0% interest
- Average BTC cost: $97,832
- Total capital raise this year: $515 million
Investor Response and Market Impact
Following the announcement, Metaplanet’s shares rose by nearly 10%, climbing to 1,633 JPY and marking a strong rebound from recent dips. The stock’s performance on the Tokyo exchange and its OTC counterpart in the U.S. (MTPLF) suggest growing investor confidence in the firm’s bold crypto strategy.
Aiming for One Percent of Bitcoin Supply
Metaplanet has laid out an ambitious roadmap known as the “555 Million Plan”, with targets of 30,000 BTC by the end of 2025 and 210,000 BTC by 2027. That would represent 1% of Bitcoin’s total supply, a milestone currently only approached by MicroStrategy, which holds over 592,000 BTC.
Metaplanet’s strategy mirrors that of Michael Saylor’s MicroStrategy, utilizing a mix of debt financing and equity raises to expand its Bitcoin treasury. If sustained, this approach could position the company as a leading global player in Bitcoin corporate investment.
CoinLaw’s Takeaway
Metaplanet is no longer a regional anomaly but a significant mover in the institutional Bitcoin space. By leveraging low-cost capital and strategic bond issuance, the company is placing a major bet on the long-term value of Bitcoin. With clear milestones and strong market backing, Metaplanet could emerge as a crypto-treasury powerhouse, reshaping corporate crypto strategy in Asia and beyond.
