Metaplanet, one of the leading listed companies in Tokyo, has just announced the purchase of an additional 555 Bitcoin, strengthening its position in the digital asset accumulation strategy. With this latest transaction, the total number of Bitcoin the company holds has reached 5,555 BTC, equivalent to more than $536 million at current market prices.
In a statement on May 7th, Metaplanet announced that it spent $53.4 million to purchase 555 Bitcoin, at an average price of $96,134. According to CEO Simon Gerovich, the total number of Bitcoin owned by the company was purchased at a cost of $481.5 million, corresponding to an average price of $86,672.
To maintain its long-term accumulation strategy, Metaplanet also announced the issuance of an additional $25 million in non-interest-bearing bonds to fund future Bitcoin purchases. Since the beginning of 2024, the company has raised over 35 billion yen (equivalent to $244 million) through non-interest-bearing bonds and stock options, in partnership with Evo Fund.
The company's exclusive key performance indicator (KPI), known as BTC Yield, has recorded impressive growth in recent quarters. Specifically, this indicator reached 309.8% in Q4 2024, 95.6% in Q1 2025, and 21% in the current quarter.
"In Japanese, the number 5 is pronounced 'Go', so today we want to shout: Go go go go — fly to the moon and beyond!" Gerovich excitedly shared on platform X.
Metaplanet expands operations in the U.S. with plans to establish a subsidiary
On May 1st, Metaplanet announced plans to establish a subsidiary in the U.S., named Metaplanet Treasury Corp., headquartered in Florida. This subsidiary is expected to raise up to $250 million to promote its Bitcoin strategy and access the capital market in the U.S.
Currently, Metaplanet is recognized as the largest publicly traded company holding Bitcoin in Asia and ranks 11th globally, according to statistics from BitcoinTreasuries.NET.
Recent advances in the Bitcoin accumulation strategy
In early April, Metaplanet announced the purchase of an additional 696 BTC with a total value of 10.2 billion yen ($67 million). Later that same month, the company continued to purchase an additional 330 Bitcoin for $28.2 million, at an average price of $85,605 per BTC, raising the total Bitcoin holdings to 4,855 BTC.
On April 24th, Metaplanet continued to reveal the purchase of an additional 145 Bitcoin for 1.9 billion Japanese yen (approximately $13.4 million), bringing the total Bitcoin assets of the company to 5,000 BTC.
These positive moves have yielded favorable results in the stock market. According to data from Google Finance, Metaplanet's stock price has increased by 11% during mid-day trading on the Tokyo Stock Exchange.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.