Metaplanet acquires ¥4 billion worth of Bitcoin, shares jump 73% YTD
In Asia, the firm trails only China's Boyaa Interactive, the Chinese poker game giant with 3,183 BTC.
Key Takeaways
- Metaplanet acquired 269 Bitcoin worth ¥4 billion, raising its total to 2,031 BTC.
- The firm's stock increased 73% YTD, mainly driven by its Bitcoin-focused strategy.
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Tokyo-listed investment firm Metaplanet announced Monday it acquired 269 Bitcoin worth ¥4 billion. The company’s stock has gained 73% year-to-date, according to MarketWatch data, with the increase notably following its Bitcoin strategy announcement.
*Metaplanet purchases additional 269.43 $BTC* pic.twitter.com/gIkpqVdALK
— Metaplanet Inc. (@Metaplanet_JP) February 17, 2025
Metaplanet’s latest Bitcoin buy boosts their total holdings to roughly 2,031 BTC. At today’s prices, the stash is worth about $196 million.
With an average purchase price of around $80,700 per Bitcoin, Metaplanet’s overall Bitcoin investment has increased in value by around 16%.
According to data from Bitcoin Treasuries, Metaplanet now ranks as the 14th largest public company globally holding Bitcoin. In Asia, the firm is second only to China’s Boyaa Interactive, which currently owns 3,183 BTC.
Metaplanet reported BTC Yield, its key indicator created to assess the performance of its Bitcoin acquisition strategy, reached 41% from July to September 2024.
The yield surged to 309% in the fourth quarter of 2024 and stands at around 15% quarter to date through February 17, 2025.
The latest BTC purchase came after the company recently secured ¥4 billion through a zero-coupon bond issuance to EVO FUND and approved the issuance of 21 million shares to EVO FUND via Stock Acquisition Rights. These moves are aimed at funding additional Bitcoin purchases, Metaplanet stated.
Metaplanet is pursuing an aggressive Bitcoin acquisition strategy, targeting 21,000 BTC by 2026.
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