- Metaplanet bought 780 BTC worth $92M, raising its total holdings to 17,132 BTC valued at $1.73B and boosting investor confidence.
- The company expanded its Bitcoin reserves by over 13,000 BTC in three months using bond redemptions and share issuances to fund purchases.
- Metaplanet targets 210,000 BTC by 2027, aiming to become one of the biggest corporate Bitcoin holders despite share dilution risks.
Metaplanet has boosted its Bitcoin reserves with a fresh $92 million purchase, adding 780 BTC to its rapidly growing portfolio. The company disclosed the acquisition in a regulatory filing on Monday.
With this move, Metaplanet now holds 17,132 BTC valued at approximately $1.73 billion. The company paid an average price of 17.52 million yen ($119,136) per coin. This strategic purchase continues the firm’s aggressive Bitcoin Treasury Operations launched in December 2024.
Aggressive Capital Strategy Fuels Growth
Besides operational income, Metaplanet has relied heavily on capital market activities to finance its Bitcoin accumulation. The company redeemed 12.75 billion yen ($86.7 million) from its 19th series of bonds on July 4 and July 14. Additionally, it issued tens of millions of new shares through stock acquisition programs between June 30 and July 28. Consequently, fully diluted shares outstanding now stand near 866 million.
Metaplanet’s trading volume on the Tokyo Stock Exchange surged to 1.86 trillion yen ($12.65 billion) in June, almost double May’s figure. In the past three months alone, Metaplanet’s holdings have grown by over 13,000 BTC.
Bitcoin-Centric Metrics Draw Attention
In order to gauge performance, the business has also added unique indicators like Bitcoin Yield and Bitcoin Gain. The BTC Yield increased by 22.5% between July 1 and July 28, which translates to gains of almost 52.5 billion yen ($357 million). Even more robust growth was reported in the previous quarters, with a BTC Yield of 129.4% in Q2 2025 and 309.8% in Q4 2024.
However, Metaplanet clarified that these metrics do not replace traditional indicators like net income or cash flow. The company acknowledged that debt and preferred stock obligations could impact results if overlooked. It also reminded shareholders that owning its stock does not equate to direct Bitcoin ownership.
Metaplanet, often called the “Japanese MicroStrategy,” aims to hold over 210,000 BTC by 2027. This target could place it among the world’s largest corporate Bitcoin holders. Analysts note that while dilution risks exist, the firm’s bold approach positions it as a leading voice for Bitcoin adoption in Asia.
