Tokyo-listed investment firm Metaplanet has significantly expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for approximately 18.4 billion yen ($126 million).
The latest purchase brings the company’s total Bitcoin holdings to 6,796 BTC, currently valued at over $706 million, according to a disclosure filed Monday.
The aggressive accumulation puts Metaplanet ahead of El Salvador’s state-owned Bitcoin treasury, which holds 6,174 BTC, according to data from the nation’s Bitcoin Office.
The company said the acquisition was made at an average price of $102,119 per BTC, representing its largest single purchase since launching its Bitcoin Treasury Operations in April 2024.
Metaplanet uses a proprietary metric known as BTC Yield to evaluate the performance of its Bitcoin strategy in relation to shareholder value.
For Q2 2025 to date, the firm reported a BTC Yield of 38%, following 95.6% in Q1 and 309.8% in Q4 2024.
The firm aims to grow its holdings to 10,000 BTC by the end of 2025, echoing the strategy of Michael Saylor’s Strategy (formerly MicroStrategy), which currently holds more than 555,000 BTC globally.
With this latest purchase, Metaplanet remains the largest publicly traded Bitcoin holder in Asia and ranks 11th worldwide.
Metaplanet’s move comes amid rising institutional interest in digital assets from Japanese firms.
Beat Holdings, another Tokyo-listed company, announced last week that it would increase its exposure to Bitcoin-related exchange-traded funds.
Beat raised its investment cap from $6.8 million to $34 million and disclosed that it had purchased over 131,000 units of BlackRock’s iShares Bitcoin Trust (IBIT), yielding an unrealized gain of more than $681,000.
To fund its ETF purchases, Beat drew approximately $2.8 million from a revolving credit line, with expected interest charges of $150,000 through the end of the year.
Strategy, a major corporate Bitcoin holder in the U.S., also added to its stash last week, purchasing 1,895 BTC worth $180 million.
The company now holds over $52 billion in Bitcoin, reinforcing its commitment to using BTC as a treasury reserve asset.
Just recently, Michael Saylor’s firm, Strategy, announced it is doubling its capital raising plan to $84 billion in an aggressive push to acquire more Bitcoin.
The Virginia-based company announced last week that it has filed to sell an additional $21 billion in common shares after depleting a previous program of the same size authorized in October.
It also doubled its debt issuance target from $21 billion to $42 billion, leaving $14.6 billion remaining under its current authorization.
In the first quarter of the year, publicly traded companies increased their Bitcoin holdings by 16.1%, signaling continued institutional interest in the leading cryptocurrency despite market volatility.
However, despite public companies’ interest in the leading cryptocurrency, the US government has shown a lack of interest in purchasing Bitcoin.
The United States is unlikely to significantly increase its Bitcoin holdings, said BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors.
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