Metaplanet Has Purchased 160 Bitcoin Worth $13.39 Million, Pushing Its Total Holdings to 4206 BTC

Metaplanet has purchased an additional 160 Bitcoin worth $13.39 million, pushing its total holdings to 4,206 BTC, according to Metaplanet CEO Simon Gerovich.

Despite a minor setback in the past year due to a large unrealized loss on its crypto holdings, Japanese firm Metaplanet continues to pour resources into accumulating Bitcoin (BTC).

The company, previously known for a 3,000% surge in its stock price, has purchased an additional 160 Bitcoin for $13.39 million, bringing its total to 4,206 BTC, according to CEO Simon Gerovich.

The company paid about 12.49 million yen ($80,063) per Bitcoin in this latest acquisition, according to a statement released on April 2.

This latest purchase further cements Metaplanet’s position as Asia’s largest corporate Bitcoin holder and the ninth-biggest worldwide, based on data from BitcoinTreasuries.net.

The firm first announced its Bitcoin strategy in April 2024 and has been steadily building its crypto reserves since then. Its ambitious plans include reaching 10,000 BTC by the end of 2025 and expanding to 21,000 BTC by late 2026.

Metaplanet’s stock took a small hit during Wednesday morning trading in Japan, dropping 0.98% while the Nikkei 225 index remained flat, according to Google Finance data. This minor dip comes despite the company’s stock having surged more than 3,000% since it began focusing on Bitcoin.

The firm isn’t just buying Bitcoin directly. According to the company’s first-quarter report, it acquired 696 BTC during the first quarter of 2025 through selling cash-secured Bitcoin put options. This strategy yielded 50 BTC from premiums and 645.74 BTC from option exercises. The total cost for these first-quarter purchases was approximately ¥10.152 billion ($91.7 million).

On March 31, Metaplanet raised an additional 2 billion yen ($13.22 million) by issuing its 10th Series of Ordinary Bonds. The company plans to use all these funds to buy more Bitcoin, showcasing its commitment to its crypto treasury approach.

Metaplanet has developed its own method for tracking performance. The company uses what it calls “BTC Yield” as its primary key performance indicator. This metric measures the percentage change in total Bitcoin holdings compared to fully diluted shares.

According to company statements, the Bitcoin yield reached 309% in the final quarter of 2024 and 95% in the first quarter of 2025.

The Bitcoin program is on track to generate ¥3.0 billion (around $27.5 million) this year, making up most of the company’s annual revenue target of ¥3.4 billion ($31.3 million).

Metaplanet keeps raising capital from investors to invest in more Bitcoins. Its aggressive acquisition strategy has so far paid off with the dramatic stock price boost, although whether this success keeps repeating itself hinges on the performance of Bitcoin’s price and investor faith in the company’s unorthodox treasury strategy.

As digital currencies gain increasing adoption among mainstream corporations, Metaplanet’s aggressive Bitcoin strategy makes it a pioneer in this Asian region financial revolution. While most firms hold tiny crypto positions or test gingerly, Metaplanet has wholly bet on Bitcoin as its core treasury strategy.