Japanese Bitcoin treasury powerhouse Metaplanet has significantly expanded its cryptocurrency holdings, acquiring an additional 1,004 BTC worth approximately $104.3 million. This strategic purchase, executed at an average price of $103,873 per BTC, brings the company’s total Bitcoin treasury to an impressive 7,800 BTC.
This latest acquisition follows a growing trend of corporate Bitcoin treasury adoption that’s reshaping traditional finance strategies in 2025. Metaplanet’s aggressive accumulation strategy mirrors similar moves by major institutional players entering the cryptocurrency market.
Metaplanet’s Bitcoin Journey: From 98 to 7,800 BTC
The company’s Bitcoin accumulation story began in April 2024 with a modest 98 BTC purchase valued at approximately 1 billion yen. By December 2024, Metaplanet had expanded its holdings to 1,762 BTC, with a cost basis of roughly 20.9 billion yen. Following the official launch of their Bitcoin Treasury Operations on December 18, 2024, the company’s acquisition pace accelerated dramatically.
Impressive Growth Metrics
- BTC holdings up 3.9x year-to-date
- Added over 5,000 BTC in 2025 alone
- BTC net asset value growth: 103.1x
- Market cap increase: 138.1x
- Recent 30-day acquisition: 3,275 BTC
Q1 2025 Financial Highlights
Metaplanet’s Q1 FY2025 performance demonstrates the success of their Bitcoin-focused strategy:
- Revenue: ¥877 million (8% QoQ increase)
- Operating profit: ¥593 million (11% increase, new record)
- Total assets: ¥55.0 billion (81% increase)
- Net assets: ¥50.4 billion (197% surge)
Market Recovery and Future Outlook
Despite a temporary setback in March 2025 resulting in a ¥7.4 billion valuation loss, Metaplanet demonstrated remarkable resilience. By May 12, the company reported ¥13.5 billion in unrealized gains, showcasing the volatile yet potentially rewarding nature of Bitcoin treasury strategies.
FAQ Section
Why is Metaplanet accumulating Bitcoin?
Metaplanet views Bitcoin as a strategic treasury asset that can provide significant value appreciation and hedge against traditional financial risks.
How does Metaplanet fund its Bitcoin purchases?
The company utilizes a combination of capital market activities and operating income, including a ¥116 billion “moving-strike” warrant program.
What is Metaplanet’s average Bitcoin purchase price?
Their most recent acquisition was at approximately $103,873 per BTC, though their overall cost basis varies across different purchase periods.
