Metaplanet has purchased 1,005 more Bitcoin (BTC) for about $108 million, pushing its total holdings to 13,350 BTC. The Japanese firm now holds more Bitcoin than mining company CleanSpark, which holds 12,502 BTC, according to BiTBO data.
This new purchase makes Metaplanet the fifth-largest corporate holder of Bitcoin. The firm has already passed Tesla, Hut 8, Coinbase and Block Inc. It now only trails MicroStrategy, Marathon Digital, Twenty One Capital and Riot Platforms in corporate Bitcoin holdings.
Simon Gerovich, CEO of Metaplanet, confirmed that the company paid an average of $107,601 for each new Bitcoin. Its total average purchase cost across all Bitcoin held is about $97,832 per coin. The total cost of Metaplanet’s Bitcoin sits near $1.31 billion, while the current market value is around $1.45 billion, showing an unrealized profit.
So far this year, Metaplanet has achieved a BTC yield of 349%, driven by the rising value of its Bitcoin reserves and its use of capital to buy more.
$208M in 0% Bonds to Finance More Bitcoin Purchases
The firm also announced a new bond plan to fund future purchases. Metaplanet will issue 30 billion yen, about $208 million, in 0% ordinary bonds through its EVO fund. The new bond issue will help Metaplanet buy more Bitcoin and also buy back its earlier third series ordinary bonds worth 1.75 billion yen ($12 million). Those older bonds carried a small annual interest rate of 0.36%.
By replacing higher-cost debt with zero-interest bonds, the firm lowers its borrowing cost and frees more cash to accumulate Bitcoin.
Metaplanet recently increased its long-term target for Bitcoin holdings. The firm now plans to hold 100,000 BTC by 2026 and reach 210,000 BTC by 2027. If the plan stays on track, the company would become the second-largest corporate Bitcoin holder, behind only MicroStrategy.
CEO Simon Gerovich posted that three months ago Metaplanet held 3,350 BTC, and it has added 10,000 BTC since then. Gerovich said the firm intends to keep growing its treasury, using both bond sales and capital raises to buy more Bitcoin. Large-scale corporate buying like this removes supply from circulation, which could tighten the market if other institutions follow suit.
Other Firms Expand BTC Holdings as Strategy Hints at Fresh Buy
Metaplanet’s strategy mirrors that of other public firms using new financing to grow their Bitcoin reserves. Recently, more than 60 non-crypto companies have adopted Bitcoin as a reserve asset. In the past few months, many have doubled their holdings, showing a wider shift toward using Bitcoin as a hedge against fiat currency risk.
Earlier purchases included Metaplanet’s back-to-back buys of 1,234 BTC and 1,112 BTC, alongside its launch of the 555 Million Plan to raise billions more.