The publicly listed investment company on the Tokyo Stock Exchange – Metaplanet Inc. – has just surpassed the milestone of holding 5,000 BTC, officially reaching halfway in its strategy to accumulate 10,000 BTC by the end of 2025. But their ambitions do not stop there: the ultimate goal is 21,000 BTC by 2026, making the company one of the largest Bitcoin holders in the world.
📈 Buying in bulk, strong value increase
In the latest announcement, #Metaplanet stated that it had purchased an additional 145 BTC for approximately $13.6 million (equivalent to 1.926 billion Yen), with an average price of about $93,327/BTC. Since the beginning of April, the company has completed a total of 5 purchase transactions, accumulating over 1,650 BTC, worth nearly $153 million – an astonishing figure compared to the scale of an Asian investment company.
Metaplanet's current total BTC holdings stand at 5,000 BTC, worth approximately $428 million, placing them in the top 10 publicly traded companies holding the most Bitcoin globally, according to data from Bitcoin Treasuries.
🧠 The '21 Million' plan and ambitions from Tokyo
CEO Simon Gerovich boldly stated on social media:
"This is a significant step in the journey to become the world's leading Bitcoin holder. We will lead the global Bitcoin race – from Japan!"
The plan titled '21 Million Plan' by Metaplanet is designed to buy Bitcoin in stages, depending on market developments – reducing the risk of stock dilution, optimizing purchase points, and ensuring sustainable growth.
This plan is built on the famous model of Michael Saylor – founder of MicroStrategy – who has transformed the software company into a Bitcoin 'treasury' worth billions of USD. However, Metaplanet has a unique point: they use an internal metric called BTC Yield to measure the rate of Bitcoin accumulation per share.
📊 BTC Yield: A unique growth metric
BTC Yield is the growth rate of the number of Bitcoins that shareholders actually own per share – similar to EPS but measured in BTC.
A few noteworthy numbers:
Q4/2024: BTC Yield reaches an extremely high level of 309.8%
From January 1 to March 31, 2025: increase of 95.6%
From April 1 to April 24, 2025: #BTCYield continues to increase by an additional 13.0%
This increase indicates that Metaplanet's BTC accumulation strategy is indeed effective in enhancing stock value in a 'Bitcoinization' direction.
💸 Smart borrowing: The key to the massive buying campaign
An important factor helping Metaplanet execute its aggressive 'stockpiling' plan is a massive fundraising round worth $745 million (116 billion Yen) – considered 'the largest ever in Asia.'
Special point: this fundraising is structured as zero-discount moving strike warrants – a form of non-dilutive stock purchase rights that allows the company to flexibly buy $BTC in batches without significantly affecting the current stock price.
📉 But the stock is still... down?
Although Metaplanet has made remarkable progress in the amount of BTC held, the company's stock price has decreased by 4.57%, down to $2.49 according to data from Google Finance.
This can be explained by:
Short-term investors are concerned about the risks of 'going all-in' on Bitcoin.
Recent overall market developments have been somewhat stagnant, causing stocks related to digital assets to be affected by market sentiment.
However, if Bitcoin continues its upward trend, this could be an opportunity for Metaplanet to become the Asian version of MicroStrategy, with superior profitability potential in the medium term.
🔍 Connecting with Binance users and the crypto market
Metaplanet's move is not just the story of one company in Tokyo, but also reflects the accelerating wave of institutionalization of the crypto market on a global scale.
For Binance users:
The entry of organizations like Metaplanet adds long-term upward pressure on Bitcoin prices, especially as supply becomes limited after halving.
The 'stockpiling' behavior of Metaplanet shows a long-term, systematic investment approach with clear risk measurement, contrasting sharply with short-term speculation.
In a market context searching for direction after halving, large BTC holders can directly impact liquidity, price volatility, and retail investor sentiment.
With plans to purchase an additional 16,000 BTC, Metaplanet could become one of the names that change the 'landscape' of the market during 2025–2026.
⚠️ Risk warning:
Investing in digital assets, especially Bitcoin, always carries strong volatility and is not suitable for all investors. While many large institutions are increasing their accumulation, this does not guarantee that prices will always rise. Users should carefully consider their investment goals, holding period, and risk tolerance before participating in the crypto market.