Metaplanet has indeed increased its Bitcoin holdings recently and has adopted a series of strategies to advance its Bitcoin reserve program. Here are the details:

1. Increase in Bitcoin Holdings:

• On April 21, Metaplanet spent 4.2 billion yen (approximately 28.23 million USD) to acquire 330 Bitcoins at an average purchase price of about 85,554 USD.

• As of now, Metaplanet holds a total of 4,855 Bitcoins, with a total cost of 62.165 billion yen (approximately 441.6 million USD), and the average cost per Bitcoin is about 90,973 USD.

2. Strategic Goals:

• Metaplanet aims to hold 10,000 Bitcoins by the end of 2025 and 21,000 Bitcoins by the end of 2026.

• The company's CEO stated in the shareholder letter that despite significant market volatility, the company will continue to firmly advance its Bitcoin strategy.

3. Financing and Funding Sources:

• Metaplanet raises funds by issuing stocks and bonds to support its Bitcoin purchasing plan. For example, the company recently completed financing of about 87 million USD and plans to further increase Bitcoin holdings by issuing zero-coupon common bonds.

4. Market Performance:

• Metaplanet's stock price has risen 1,080% over the past year, far exceeding the performance of the Nikkei Index. This indicates market recognition and support for its Bitcoin strategy.

5. Transparency and Quantitative Indicators:

• The company has disclosed indicators such as BTC Gain and BTC ¥ Gain to enhance transparency and help investors assess the potential increase in its Bitcoin holdings and their yen equivalent.

In summary, Metaplanet actively promotes its Bitcoin reserve program through continuous increases in Bitcoin holdings, clear strategic goals, leveraging various financing methods, and enhancing transparency, achieving significant results in the market.