Tokyo-based Metaplanet Has Vaulting Ambitions, Amassing $400M Bitcoin Stash

Metaplanet has vaulted into the global Bitcoin spotlight, amassing over $414 million in holdings after a bold $28.2 million purchase.

Tokyo-based Metaplanet has become a major player in the institutional Bitcoin sphere, amassing an impressive portfolio of over $414 million in BTC holdings. The firm's latest purchase, announced on April 21, saw it acquire 330 Bitcoin at a price of $85,605 per coin, bringing its total to 4,855 BTC, valued at over $414 million.

This acquisition pushes Metaplanet into the 10th spot on the list of world's largest Bitcoin holders among public companies, and it also makes it the largest corporate Bitcoin holder in Asia. The company plans to acquire 21,000 BTC by 2026.

The company's stock price shot up 1,200% after it began pivoting to a Bitcoin-first treasury model. However, shares dipped 1% following the announcement of the latest Bitcoin purchase.

To fund its crypto ambitions, Metaplanet sold ¥2 billion ($13.3 million) worth of zero-coupon bonds in March. This follows earlier strategies like stock rights and operational income, which have collectively generated over ¥35 billion ($226 million) since 2024.

Despite the market turbulence, Metaplanet's stock price soared, and its leadership remains focused on the long-term vision for a "Bitcoin-first" treasury model.

"Our goal is to acquire 21,000 Bitcoin by 2026, becoming the world's largest Bitcoin holder and expanding our Bitcoin treasury model to global proportions," stated CEO Simon Gerovich.

"We are also planning to expand our activities to include licensing Bitcoin Magazine in Japan to educate the public about Bitcoin and encourage broader adoption."

Metaplanet's strategy closely mirrors that of MicroStrategy, which has become a prominent figure in the U.S. for its massive Bitcoin holdings. With 531,644 BTC valued at $35.92 billion, MicroStrategy is the world's largest known Bitcoin holder among public companies.

In the past few days, both firms have been making headlines for their Bitcoin purchases. MicroStrategy added 3,459 BTC to its coffers, while Metaplanet's latest purchase brings its total Bitcoin stash to 4,855 BTC.

Both firms see Bitcoin as a hedge against inflation and currency weakness. However, it's worth noting that Metaplanet's Bitcoin holdings are still relatively small compared to MicroStrategy's massive portfolio.

Moreover, Metaplanet's ambitious target of acquiring 21,000 BTC by 2026 signals its strong belief in Bitcoin's long-term value. This is particularly noteworthy as Japan grapples with a weakening yen and soaring public debt.

Announced on Monday, the purchase order saw 330 Bitcoin priced at $85,605 per coin, increasing its holdings by 7.2%. The move sparked a 2.5% rally in Bitcoin's price, which hit $87,279 within hours of the announcement.

Trading volumes also spiked 15% on major exchanges, and analysts linked the surge to growing institutional interest in Bitcoin.

"I think we could see Bitcoin's four-year cycle peak by mid-2026 with the help of corporate adopters like Metaplanet," said Enmanuel Cardozo, an analyst at Brickken.

Unchained's Joe Burnett predicts Bitcoin could hit $1.8 million by 2035, as it rivals gold's $21 trillion market cap.

However, short-term tariff concerns dampened risk appetite among traditional investors.

"There are no immediate catalysts for traders to push BTC through $90,000 in the short term, especially with traders awaiting the release of U.S. durable goods orders and pending home sales data," an analyst at Benzinga noted.

CEO Simon Gerovich credits MicroStrategy's blueprint for pivoting Metaplanet from real estate to crypto, now tracking "BTC Yield" - Bitcoin growth per share, which hit 12.1% in Q2 2025.

Director Dylan LeClair highlights flexible capital-raising tactics, balancing bonds and equity to avoid market disruption.

Adding star power, Eric Trump joined Metaplanet's advisory board in March, aligning pro-crypto figures.

Critics question whether Japan's economic strains could derail its ambitious targets, a stark contrast to Bitcoin's stellar 119% year-to-date yield.