#MetaplanetBTCPurchase
Key Highlights
June 16, 2025: Metaplanet purchased an additional 1,112 BTC worth ~$117.2 M, bringing total holdings to 10,000 BTC—surpassing Coinbase’s ~9,267 BTC and placing it among the top 7–9 public Bitcoin holders .
Average cost per Bitcoin now stands at approximately $94,697, with an average purchase price of ~$105,435 for the latest tranche .
To fund further purchases, Metaplanet issued $210 M in zero-coupon (non-interest) bonds—its 17th/18th bond series—set to mature in December .
Its proprietary "BTC Yield" saw robust quarterly growth: Q4 2024 at 309.8%, Q1 2025 at 95.6%, and Q2 2025 YTD around 87.2% .
Following the announcement, its stock surged 17–22%, trading in the ¥1,760–1,860 range (approx. $12–$13) on the Tokyo Stock Exchange .
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🚀 Strategic Path & Ambition
Metaplanet is executing its Accelerated Bitcoin Plan (2025–27): targeting 100,000 BTC by end‑2026 and 210,000 BTC by end‑2027 (~1% of total supply), funded via ~¥770 B ($5.4 B) equity/warrant program and bond issuances .
It mirrors the MicroStrategy/Strategy model, using creative capital markets tools—warrants, zero‑coupon bonds—to minimize dilution while scaling BTC holdings .
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🌍 Market Impact & Outlook
Market response has been overwhelmingly positive: investors pay a premium to NAV, akin to Strategy – effectively paying above the direct Bitcoin value for exposure .
This “Hotel → Hodler” pivot, first seen in 2024, has led to phenomenal equity appreciation (over +400% YTD, and thousands of percent over two years) .
By surpassing Coinbase and currently among the top public holders, Metaplanet is now viewed as Asia’s strongest corporate BTC hoarder and a key player in global crypto treasury strategies .
