Sarah Suleiman
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Metaplanet hits 5,000 BTC milestone as corporate bitcoin accumulation race heats up
Japanese investment firm Metaplanet announced the acquisition of a further 145
BTC -1.90%
on Thursday, bringing its total holdings to the 5,000 BTC milestone — currently worth $460 million.
"We have reached 50% of our initial goal of 10,000 BTC by the end of 2025," Metaplanet CEO Simon Gerovich posted on X. "This is a big step forward in our aim to become one of the world's leading bitcoin holding companies. We will lead the global bitcoin race from Japan."
The latest acquisitions follow the issuance and sale of shares through the exercise of stock acquisition rights, bought at an average purchase price of 13,280,472 yen ($93,327) per bitcoin for a total cost of approximately 1.93 billion yen ($13.6 million).
Metaplanet's 5,000 BTC, acquired for a total cost of around $428.1 million, places it in the top ten of corporate bitcoin holders alongside Michael Saylor's Strategy, Bitcoin miner MARA, Elon Musk's Tesla and Jock Dorsey's Block
Like those firms, Metaplanet uses a key performance indicator known as BTC Yield to assess the effectiveness of its bitcoin acquisition strategy in driving shareholder value. BTC Yield represents the percentage change period-to-period of the ratio between Metaplanet's total bitcoin holdings and its fully diluted shares outstanding. Year-to-date, the firm said it has achieved a BTC Yield of 121.1%, according to Gerovich.
Metaplanet has been actively buying the world's largest cryptocurrency since it introduced its bitcoin adoption strategy in April 2024. Beyond the company's goal of reaching 10,000 BTC this year, it has set another target of 21,000 BTC by the end of 2026.
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Japanese investment firm Metaplanet announced the acquisition of a further 145
BTC -1.90%
on Thursday, bringing its total holdings to the 5,000 BTC milestone — currently worth $460 million.
"We have reached 50% of our initial goal of 10,000 BTC by the end of 2025," Metaplanet CEO Simon Gerovich posted on X. "This is a big step forward in our aim to become one of the world's leading bitcoin holding companies. We will lead the global bitcoin race from Japan."
The latest acquisitions follow the issuance and sale of shares through the exercise of stock acquisition rights, bought at an average purchase price of 13,280,472 yen ($93,327) per bitcoin for a total cost of approximately 1.93 billion yen ($13.6 million).
Metaplanet's 5,000 BTC, acquired for a total cost of around $428.1 million, places it in the top ten of corporate bitcoin holders alongside Michael Saylor's Strategy, Bitcoin miner MARA, Elon Musk's Tesla and Jock Dorsey's Block
Like those firms, Metaplanet uses a key performance indicator known as BTC Yield to assess the effectiveness of its bitcoin acquisition strategy in driving shareholder value. BTC Yield represents the percentage change period-to-period of the ratio between Metaplanet's total bitcoin holdings and its fully diluted shares outstanding. Year-to-date, the firm said it has achieved a BTC Yield of 121.1%, according to Gerovich.
Metaplanet has been actively buying the world's largest cryptocurrency since it introduced its bitcoin adoption strategy in April 2024. Beyond the company's goal of reaching 10,000 BTC this year, it has set another target of 21,000 BTC by the end of 2026.
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