Metaplanet Hits 4,206 BTC With Latest Purchases

Stock Rebounds as Bitcoin Yield Strategy Delivers 95.6% Q1 Return

Metaplanet has solidified its reputation as Japan’s most aggressive Bitcoin-focused corporation, acquiring 696 BTC in its strategic purchase on Tuesday, April 1st, 2025. This addition brings the Tokyo-listed company’s total holdings to 4,046 BTC—valued at approximately ¥52.368 billion ($350 million)—elevating its status to the ninth-largest corporate Bitcoin holder globally, according to Bitcoin Treasuries. 

The milestone places it just ahead of Bitcoin Group and Semler Scientific and adds weight to its growing reputation as “Asia’s MicroStrategy,” mirroring the U.S. firm’s famously concentrated Bitcoin strategy.

Later, on Wednesday, the company announced it purchased an additional 160 Bitcoin, increasing its total holdings to 4,206 BTC. The latest acquisition cost about 1.998 billion yen (approximately $13.2 million), averaging 12.4 million yen ($82,680) per Bitcoin.

On March 31, 2025, Metaplanet issued ¥2 billion (around $13.3 million) in zero-interest ordinary bonds to fund the new acquisition. The bonds, made available through the company’s Evo Fund and redeemable by September 30, were strategically timed to take advantage of a notable Bitcoin price correction. With BTC trading near $82,000—a 25% drop from its all-time high of $109,000—the move reflects Metaplanet’s tactical response to short-term market volatility. CEO Simon Gerovich emphasized this intent, describing the market pullback as “an opportunity” on X, as the firm continues its push toward a 21,000 BTC target by 2026.

Rather than relying solely on direct purchases, Metaplanet has employed a dual-pronged strategy to maximize returns. Of the recent BTC acquisition, 645.74 BTC was secured through put option assignments, allowing the company to buy Bitcoin at lower-than-market prices. An additional 50.26 BTC was effectively earned through premium income from selling cash-secured Bitcoin put options earlier in Q1 2025. These options, sold at higher price levels early in the quarter, either expired or were exercised, netting the company ¥770 million in premium income. That sum accounts for 25.7% of Metaplanet’s ¥3 billion financial target for the year and is part of what the firm calls its Bitcoin Yield Strategy.

The yield strategy tracks BTC accumulation relative to share dilution and aims to improve shareholder value through disciplined option selling. In the first quarter of 2025, the yield reached 95.6%, sharply outperforming the 35% industry benchmark. The company’s structured approach appears to be gaining traction not only in returns but also in investor sentiment. Following the latest announcement, Metaplanet’s stock price rebounded 2% to around ¥409, partially recovering from a 17% slide earlier that week.

Momentum continues to build around the company’s long-term plans. Metaplanet is now included in the BetaShares Crypto Innovators ETF, signaling broader institutional recognition. Additionally, it is actively evaluating a U.S. stock listing to expand access for global investors—an ambition boosted by its recent headline-grabbing Bitcoin purchases.

As part of its broader expansion strategy, Metaplanet recently appointed Eric Trump to its new Strategic Board of Advisers. The company cited his background in real estate, finance, and brand development, noting his growing profile in the digital asset space. The appointment is designed to bolster the firm’s reach in U.S. markets and accelerate its ambitions to become a global Bitcoin powerhouse.

Metaplanet’s Q1 trajectory has been marked by consistency and escalation. Earlier in March, the company made two additional Bitcoin purchases—150 BTC and 156 BTC—both of which triggered sharp investor reactions. On one occasion, Metaplanet’s stock surged 19% in a single day following a $44 million Bitcoin investment, underscoring how tightly its valuation is now intertwined with the cryptocurrency market.

This article has been refined and enhanced by ChatGPT.