Skip to content

Metaplanet expands Bitcoin holdings, reaches over $2B in treasury with latest purchase

Metaplanet buys an additional 463 Bitcoin worth $53.7 million.
SHARE THIS ARTICLE

Metaplanet has acquired 463 more Bitcoin, increasing its total holdings to 17,595 BTC. This latest purchase, announced on August 4, is part of the Tokyo-listed firm’s broader strategy to aggressively build its Bitcoin treasury. At current market prices, Metaplanet’s BTC holdings are valued at approximately ¥261.28 billion ($1.78 billion), with the company’s own assessment pushing the market value closer to $2.02 billion.

BTC treasury grows as firm files to raise $3.6B via preferred stock

The recent acquisition of 463 BTC cost Metaplanet around ¥7.995 billion ($54.4 million) at an average price of ¥17.27 million ($117,420) per Bitcoin. This brings the company’s cost basis to ¥14.85 million ($101,010) per Bitcoin, highlighting a substantial unrealized gain. This strategic purchase follows a significant move by Metaplanet to raise ¥555 billion ($3.6 billion) through the issuance of perpetual preferred stock. The funds raised will help the company reach its ambitious goal of acquiring 210,000 Bitcoin by 2027, positioning Metaplanet alongside Bitcoin acquisition giants like MicroStrategy.

Metaplanet taps capital markets to fuel BTC growth since Dec. 2024 shift

Metaplanet officially embraced Bitcoin as its primary business strategy in December 2024 and has since turned to capital markets to fund its acquisitions. Through equity offerings, bond redemptions, and warrant exercises, the company has continuously increased its Bitcoin holdings. As part of its strategy, Metaplanet introduced new performance metrics, including BTC Yield, which tracks Bitcoin growth per fully diluted share. As of August 4, BTC Yield stood at 24.6%, a significant drop from the previous quarter’s 129.4%, but still reflecting strong positive growth.

Metaplanet’s focus remains on long-term Bitcoin accumulation, as evidenced by its approach to per-share growth rather than short-term dividends. As of August 4, the company’s Bitcoin per fully diluted share had increased to 0.0201 BTC per 1,000 shares, up from 0.0161 BTC at the end of June. This move positions Metaplanet as one of the most active Bitcoin acquirers in Asia, emulating the strategy of MicroStrategy, which transformed its balance sheet into a long-term Bitcoin bet.

Coin Headlines covers the latest news in crypto, blockchain, Web3, and markets, bringing you credible and up-to-date information on all the latest developments from around the world.

We focus on real-time news updates, market movements, whale transfers, and macroeconomic trends to keep you informed and engaged. Whether it’s Bitcoin price swings, altcoin updates, meme coin hype, regulatory changes, or major moves from the world of traditional finance, Coin Headlines gives you what you need to know, right when you need it.