TLDR
- Metaplanet acquired 1,112 BTC for $117.2 million, reaching its 2025 target of 10,000 BTC
- The Japanese firm announced a $210 million bond issuance to fund further Bitcoin purchases
- Metaplanet has surpassed Coinbase in BTC holdings (10,000 vs 9,267)
- The company aims to own 100,000 BTC by 2026 and 210,000 BTC (1% of total supply) by 2027
- Metaplanet stock has surged 22% on the news, with a 193% increase over the past month
Japanese investment giant Metaplanet has reached its 2025 Bitcoin acquisition target six months ahead of schedule. The company announced on June 16 that it purchased 1,112 Bitcoin at an average price of $105,435 per coin, bringing its total holdings to exactly 10,000 BTC.
The latest acquisition cost the firm approximately $117.2 million. This purchase completes Metaplanet’s goal for 2025, achieving 100% of its target for the year well before the December deadline.
CEO Simon Gerovich shared the news on social media, stating that the company now holds “10,000 BTC acquired for ~$947 million at ~$94,697 per bitcoin.” The current market value of these holdings has already increased, with Bitcoin trading at $105,831 as of June 16.
The purchase coincided with Metaplanet’s announcement of its 18th Series of Ordinary Bonds worth $210 million. These zero-interest bonds were issued to EVO Fund, a Cayman Islands-based investment firm, and are set to mature in December 2025, though they can be redeemed earlier.
According to regulatory filings, the funds raised through this bond issuance will be fully allocated toward buying more Bitcoin. This aligns with the company’s strategic focus on Bitcoin accumulation.
Ambitious Expansion Plans
Metaplanet has dramatically increased its Bitcoin ambitions in recent months. The company initially operated under what it called the “21 Million Plan,” with a goal of reaching 21,000 BTC by 2026.
However, in a major shift announced this June, the firm has raised these targets substantially. Metaplanet now aims to acquire 100,000 BTC by the end of 2026 and 210,000 BTC by 2027 – representing 1% of Bitcoin’s total supply.
To fund these goals, Metaplanet recently unveiled plans to raise up to $5.3 billion through the issuance of 555 million new shares over the next two years. This comes after granting EVO Fund 21 million new share rights in five tranches earlier this year.
Market Performance
The market has responded positively to Metaplanet’s Bitcoin strategy. Following the announcement of reaching the 10,000 BTC milestone, the company’s stock price surged by 22%, reaching 1,830 yen. Over the past month, shares have seen an increase of 193%.
Metaplanet tracks its own performance using internal metrics such as BTC Yield, which measures how much Bitcoin is held per fully diluted share. This metric is designed to reflect the impact of both buying BTC and issuing new shares. As of June 16, the yield for the current quarter was 87.2%, with previous quarters showing even sharper increases including a 309.8% rise in Q4 2024.
The company’s aggressive Bitcoin accumulation has positioned it as Asia’s largest corporate holder of the cryptocurrency. With its latest purchase, Metaplanet has surpassed Coinbase Global, which currently holds 9,267 BTC valued at $986.78 million.
Despite its growing Bitcoin treasury, Metaplanet remains one of the most shorted stocks in Japan. In May, analysts at 10x Research noted that the firm’s valuation implied a Bitcoin price of more than $596,000, over five times current levels.
CEO Gerovich addressed this situation on social media, asking, “Do they really think betting against Bitcoin is a winning strategy?”
Metaplanet’s year-to-date performance has been strong, with holdings yielding a gain of 266.1% in 2025. The company expects little impact on its full-year earnings from these transactions but has committed to updating the market if anything changes.
