Metaplanet Expands Bitcoin Holdings with $60 Million Purchase

Japanese investment firm Metaplanet acquired an additional 619.7 Bitcoins today, marking its largest Bitcoin purchase to date and making the company 12th-largest corporate Bitcoin holder worldwide.

Bought More Bitcoins

The Tokyo-based Metaplanet purchased 619.7 Bitcoin on December 23, for approximately $60 million. This purchase is the largest the company has made since it began acquiring Bitcoin in April 2024.

As per the official announcement, the company spent an average of 11,846,002 yen per Bitcoin, or approximately $75,600 per BTC.

As of today, the company holds a total of 1,761.98 Bitcoin, valued at $168 million. 

In its statement, Metaplanet confirmed that it accumulated Bitcoins as part of its Bitcoin Treasury Operations, further solidifying its reputation as “Asia’s MicroStrategy .” The company is now the 12th-largest corporate Bitcoin holder globally.

Debt Financing Fuels Expansion

Earlier this month, Metaplanet issued a zero-interest bond worth about $32 million to fund its Bitcoin acquisition, part of a larger $61 million initiative to boost its cryptocurrency holdings.

The bonds, privately placed with EVO FUND, will mature in June 2025 and offer early redemption options.

This is the fifth bond issuance by Metaplanet since it adopted Bitcoin as part of its treasury strategy in April. The company plans to keep using financial instruments like bonds and convertible equity to further expand its cryptocurrency reserves.

Turning Bitcoin into a Business Line

Metaplanet has officially made “Bitcoin accumulation and management” a central part of its business, with plans to develop financial products like loans and equity offerings backed by its Bitcoin holdings.

The company reported a 309% return on its Bitcoin investments this quarter, a significant increase from 41.7% in the previous period.

Metaplanet’s stock price has surged 2,112.5% year-to-date, rising from 170 yen ($1.09) in January to over 4,000 yen ($25.56) on December 17.

On the Flipside:

• The value of Bitcoin remains unpredictable, and any significant price fluctuation could impact the firm’s financial stability and future growth.
• Japan has established proactive cryptocurrency regulations, and significant corporate Bitcoin involvement could attract regulatory attention.

Why This Matters

Metaplanet plans to expand its Bitcoin holdings through new financial instruments and partnerships. Its approach reflects global trends and highlights the rising use of Bitcoin as a treasury asset in Japan, potentially setting an example for other local firms.

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