#MetaplanetBTCPurchase
🇯🇵 What is Metaplanet doing?
Metaplanet—originally a Japanese hotel and tech group—pivoted in April 2024 into a Bitcoin treasury company, now considered “Asia’s MicroStrategy.” It aims to let investors gain BTC exposure without dealing with the complexities of direct crypto ownership .
The firm tracks a proprietary metric called “BTC Yield”, which measures the increase in Bitcoin holdings per share, akin to earnings-per-share but for crypto—showcasing how efficiently it grows BTC reserves relative to dilution .
📈 Recent Accumulation Strategy
Date Bought (BTC) Avg Price (¥/$) Total BTC Notes
Apr 2024 809 ~¥12.4M (~$85k) ~809 Launch of treasury accumulation
Aug–Nov 2024 +112, +107 ~¥9.3–14M ~1,142+850 Financed via bonds/loans; corporate treasury ramp-up
Dec 23, 2024 +619.7 ~$96k ~1,762 Largest single purchase to date ($60M)
Feb 17, 2025 +269 ¥12.24M ($80.7k) ~2,031 Funded via ¥4B issuance, BTC yield of 15.3%
🎯 Goals & Funding Mechanisms
Targets:
10,000 BTC by the end of 2025
21,000 BTC by the end of 2026
210,000 BTC (1% of total supply) by 2027
Funding approach:
Zero-coupon bonds, stock acquisition rights, and equity issuance—designed to raise capital without heavy dilution .
Reported BTC Yield ranging as high as 300% in Q4 2024, with ~66% year-to-date in 2025 .
🧭 What does this all mean?
Metaplanet is deeply committed to transforming into a pure-play Bitcoin treasury, drawing comparisons to MicroStrategy in the U.S. Its repeated bond and equity mechanisms suggest a continual, long-term capital flow into BTC accumulation. With nearly 9,000 BTC (~$934M) on its balance sheet and major goals ahead, it's poised to rank as one of the world’s largest corporate Bitcoin holders .
In short: Metaplanet is executing a strategic, well-funded race to accumulate Bitcoin, leveraging capital markets and spotlighting corporate crypto treasuries. If they hit their milestones, they will soon sit alongside the largest institutional BTC holders worldwide.
