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Metaplanet Bitcoin Acquisition Spree Hits Notable Milestone with Latest Purchase
Metaplanet Bitcoin Acquisition Spree Hits Notable Milestone with Latest Purchase
February 20, 2025
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Japan’s answer to MicroStrategy has hit a key milestone in its Bitcoin acquisition strategy.
On Thursday, February 20, Metaplanet disclosed that it now held 2,100 BTC or about 0.01% of the total Bitcoin supply. The feat follows the firm’s latest purchase of 68.59 BTC for approximately $6.6 million at an average price of $96,335 per Bitcoin.
With the milestone, the firm is now closer to reclaiming a spot among the top 15 corporate holders of Bitcoin, only 42 BTC behind Cipher Mining, according to BitBO data.
Interestingly, Metaplanet’s share price jumped 2.78% to ¥6,290 or about $42 on the news.
Recall that at the end of January 2025, Metaplanet stated that it intended to accumulate 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by the end of 2026.
To achieve this, the firm announced a “21 Million Plan,” which will see it issue 21 million shares of 0% discount moving warrants to raise approximately $745 million. At the time, the firm asserted that the plan would constitute the largest-ever capital raise to purchase Bitcoin in Asian equity markets.
On Thursday, Metaplanet Director of Bitcoin Strategy Dylan LeClair disclosed that the firm had already raised approximately $20 million in the first two days of launching this 21 Million Plan.
Metaplanet has raised ~$20 million in equity capital at market in the first two trading days of its “21m Plan,” aimed to reinforce its $BTC strategy. https://t.co/l0KnmmdmGC
— Dylan LeClair (@DylanLeClair_) February 20, 2025
Since kicking off its Bitcoin strategy in April 2024, Metaplanet’s stock price has surged over 3,000%, the best-performing stock in Japan within the period.
The growth comes as the firm’s Bitcoin strategy appears to be yielding results for shareholders, further driving up demand. In Q1 2024, it posted a BTC yield of 309.8% and is already posting a yield of 18% year-to-date (YTD).
The BTC yield is a concept coined by Michael Saylor’s MicroStrategy used to gauge the effectiveness of a Bitcoin treasury strategy. It refers to the percentage change in Bitcoin held by the firm relative to its total number of shares.
“Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell,” Metaplanet’s Dylan LeClair asserted in January 2025.
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