In an era where enterprises are increasingly positioning themselves in cryptocurrency assets, Tokyo Stock Exchange-listed Metaplanet Inc. has once again expanded its BTC reserves. The company announced on May 12, 2025, that it has newly purchased 1,241 BTC, bringing its total holdings to 6,796 BTC, becoming one of the few Asian corporate representatives making significant moves into cryptocurrency. This "buying action" is not just about asset allocation, but a long-term strategic layout combining capital market operations and digital asset strategy.
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ToggleMetaplanet's Large-Scale BTC Purchase: Investing 18.4 Billion Yen at Once
Metaplanet stated that the newly purchased 1,241 BTC had an average purchase price of 14,848,061 yen per BTC, with a total amount reaching 18.426 billion yen. Cumulatively, as of May 12, the company's total BTC holdings are 6,796, with an average purchase price of 13,270,989 yen per BTC, and a total investment amount of 90.19 billion yen.
Bitcoin Return Indicator: BTC Yield Continues to Rise
To measure the substantial return of Bitcoin investment to shareholders, Metaplanet introduced its unique financial indicator - BTC Yield. This indicator reflects the quarterly change rate of Bitcoin holdings relative to diluted circulating shares.
From Q3 2024 to date, the company's BTC Yield has shown explosive growth:
Q3 (2024/7–9): 41.7%
Q4 (2024/10–12): 309.8%
Q1 (2025/1–3): 95.6%
Q2 (2025/4–5/12): 38.0%
Corresponding BTC Gain (net increase in BTC assuming no new share issuance) and BTC ¥ Gain (BTC value calculated in yen) have also continued to grow.
Capital Market Operations Assist: Warrant Issuance and Interest-Free Debt Fundraising
Metaplanet's Bitcoin purchase funds are not entirely from operating revenues, but through a series of flexible capital market operations, including multiple interest-free convertible bond and stock warrant issuances to EVO FUND. For example:
From February to May 2025, the company successively issued the 6th to 13th series of interest-free bonds, with total fundraising exceeding 40 billion yen and 36 million USD.
During the same period, through large-scale exercise of the 13th to 17th series stock purchase warrants, completed over 41.7% of the "210 million share plan".
Funds from these operations were almost entirely used to increase Bitcoin holdings.
Hundreds of BTC Added Weekly: Holdings Rapidly Expanding
Since officially incorporating Bitcoin into its business line in December 2024, Metaplanet's BTC holdings have been increasing almost weekly. From 4,046 BTC at the end of March 2025, it soared to 6,796 BTC in less than two months.
Notably, the company purchased over 2,700 BTC in just two months, with cumulative investment increasing by nearly 38 billion yen.
Risk Warning
Cryptocurrency investment carries high risk, with potentially significant price volatility. You may lose all your principal. Please carefully assess the risks.
