Metaplanet inches toward 2025 goal with fresh 1004 BTC purchase

Japan’s Metaplanet has acquired over 1,000 Bitcoin as part of its ongoing treasury strategy, bringing it within striking distance of its year-end target. According to a May 19 announcement , the Tokyo-listed firm purchased 1,004 BTC for around ¥15.2 billion ($104.6 million), marking one of its largest single-day acquisitions to date. The average purchase price for the latest batch stood at ¥15,134,304 per Bitcoin. It also raised Metaplanet’s average cost basis to ¥13.5 million per Bitcoin. The company now holds 7,800 BTC in total, up from 6,796 BTC on May 12. At current market prices, its holdings are worth an estimated $807 million. It is the second-largest Bitcoin purchase in Metaplanet’s history, following its 1,241 BTC acquisition on May 12. That earlier buy had pushed the company past El Salvador in total corporate Bitcoin holdings. Metaplanet’s BTC Yield, a metric it uses to track the growth in Bitcoin per fully diluted share, rose to 47.8% for the second quarter as of May 19. The firm had previously reported BTC Yields of 95.6% for Q1 2025 and 309.8% for Q4 2024. Closing in on the yearly target Metaplanet plans to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026, which represents 1% of Bitcoin’s total fixed supply. With 7,800 BTC already in reserve, it has now crossed the 75% mark toward this year’s goal. Since launching its Bitcoin Treasury Operations as an official business unit in December 2024, Metaplanet has significantly ramped up its buying activity. In April alone, it made four purchases totalling 794 BTC, followed by 2,800 BTC acquired in the first 19 days of May. Metaplanet’s aggressive strategy To fund these acquisitions, the firm has leaned heavily on capital market instruments rather than operational cash flows. Its latest purchase was backed by proceeds from bond issuances and stock acquisition rights, continuing a pattern established since early 2024. Specifically, Metaplanet has issued a series of zero-coupon, non-interest-bearing bonds to EVO FUND, its financial backer. Since January, these offerings have raised billions of yen and several million dollars, with many repaid early using funds generated from equity conversion. As part of this financing mechanism, the company has exercised multiple tranches of stock acquisition rights, issuing tens of millions of new shares. These rights are structured with no discount and include provisions to adjust pricing based on market conditions, aligning with U.S.-style ATM equity facilities. Corporate Bitcoin buying on the rise Metaplanet’s latest acquisition came as BTC was trading roughly 3% below its all-time high, joining a broader wave of corporate accumulation seen this year. U.S.-based Strategy , the largest public holder of Bitcoin, recently snapped up 13,390 BTC for $1.34 billion, boosting its total stash to 568,840 BTC. Around the same time, Twenty One Capital, a new venture backed by SoftBank, Tether , and Cantor Fitzgerald, entered the market with an initial allocation of 42,000 BTC, vaulting into the top three corporate holders. Smaller players have also joined the fray. Medical tech firm Semler Scientific added over 1,100 BTC in Q1 and filed to raise $500 million for further purchases. Meanwhile, Next Technology Holding has revealed it had accumulated 5,833 BTC, with most of the buys made in 2025. The post Metaplanet inches toward 2025 goal with fresh 1004 BTC purchase appeared first on Invezz

Source: Invezz