Japanese Investment Firm Metaplanet Has Added $12.5M Worth of Bitcoin to Its Treasury

Metaplanet is continuing its aggressive accumulation strategy of the world's largest crypto by market cap.

Japanese investment firm Metaplanet has added $12.5 million in Bitcoin to its corporate treasury, the latest move in a series of buys that started last April.

Metaplanet Snaps Up 150 BTC

Metaplanet is continuing its aggressive accumulation strategy of the world’s largest crypto by market cap.

The Tokyo-listed firm purchased 150 more Bitcoin for its treasury at an average price of $83,508 per token, the company disclosed in a March 18 statement.

Today, at a price of around $82,410, the 150 BTC is worth about $12.5 million.

The latest purchase lifts Metaplanet’s total Bitcoin holdings to 3,200 BTC, worth roughly $265.9 million at current market prices. According to Bitcoin Treasuries, Metaplanet now has the 10th-largest stack among publicly traded companies globally.

Continuing A BTC Purchase Streak

Metaplanet has been mirroring the Bitcoin playbook of MicroStrategy (which has since rebranded as Strategy) and its Executive Chairman Michael Saylor, expanding its Bitcoin reserves in a bid to become one of the largest Bitcoin holders in the world.

Since its strategic pivot towards Bitcoin in April 2024, Metaplanet has steadily increased its Bitcoin accumulations, with plans to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026 in ‘Asia’s Largest Ever’ raise.

Metaplanet has adopted a range of financial instruments to help its Bitcoin accumulation strategy. On Tuesday, for instance, Metaplanet raised 2 billion yen, or about $13.4 million, through zero-interest ordinary bonds to directly fund its Bitcoin purchases. The Simon Gerovich-led Bitcoin treasury firm confirmed receiving funds from EVO FUND, the sole bondholder.

Bitcoin is currently changing hands at $82,410, down 0.8% over 24 hours and 1.8% over a 14-day period, according to CoinGecko.