Metaplanet Expands Bitcoin Holdings To 4525 BTC

Japanese tech investment firm Metaplanet (aka Japan’s Microstrategy) has increased its Bitcoin exposure, purchasing an additional 319 BTC and lifting its total corporate holdings to 4,525 BTC. The acquisition, made at an average price of US$83,147 per coin, strengthens the company’s position as one of the top 10 public firms globally with the largest Bitcoin reserves.

This move is part of Metaplanet’s ongoing Bitcoin Treasury Operations strategy, which was launched in December 2024 – taking inspiration from the Microstrategy playbook. The initiative is designed to boost long-term shareholder value by increasing exposure to Bitcoin, positioning it as a core asset on the company’s balance sheet amid ongoing global economic uncertainty and tariff-driven market volatility.

The company’s average cost basis across its holdings now sits at US$90,194 per BTC. Following the announcement, Metaplanet’s share price jumped over 3.5%, trading at 363 yen (approx. US$2.53). Over the past 12 months, the stock has soared nearly 968%.

As part of its performance reporting, Metaplanet tracks a proprietary metric known as Bitcoin Yield, which measures the growth in BTC held relative to the company’s fully diluted share count. From January to March 2025, the firm reported a BTC Yield of 95.6%, following a staggering 309.8% yield in the final quarter of 2024. For the first two weeks of Q2 2025, the yield stands at 6.5%.

Another internal performance indicator, BTC Gain, estimates the hypothetical BTC growth assuming no dilution. For Q1 2025, BTC Gain was 1,684, while the April figure to date is 263.

While Metaplanet accelerates its accumulation strategy, industry attention is also turning to Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder. A recent SEC filing indicated the firm could report an unrealised Q1 loss of nearly US$6 billion. With Bitcoin hovering around US$85,000, concerns have surfaced over whether the company may be pressured to liquidate some of its holdings to service debt.

Despite this, institutional confidence in Bitcoin remains strong. Blockchain Group, another notable player, recently added 850 BTC to its reserves as part of its evolving treasury management approach.

As crypto markets continue to navigate global macro headwinds, companies like Metaplanet appear to be doubling down on digital assets as a strategic hedge and growth vehicle.

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