Key Points
- Metaplanet recently purchased an additional 555 Bitcoin (BTC), bringing its total holdings to 5555 BTC, worth over $536 million.
- The firm has invested $481.5 million to date, averaging $86,672 per coin.
In May, Bitcoin crossed the $96,000 level for the first time since February, rejuvenating institutional interest.
In a recent development, Tokyo-listed Metaplanet added 555 BTC to its holdings, making its total Bitcoin assets 5,555 BTC, valued over $536 million at current rates.
Metaplanet’s Bitcoin Acquisition
On May 7, the firm disclosed that it spent $53.4 million on the latest Bitcoin acquisition, buying at an average price of $96,134. Metaplanet’s CEO, Simon Gerovich, confirmed that his company has invested $481.5 million to date, averaging $86,672 per coin.
To fund its purchases, Metaplanet recently issued $25 million in zero-coupon bonds, its latest in a series of such instruments.
Since the start of 2024, the company has raised over $244 million through zero-coupon bonds and equity-related financing in collaboration with Evo Fund.
As of press time, with BTC trading just below $97,000, Metaplanet is already in profit on its most recent buy.
Metaplanet’s Performance and Future Plans
The company’s internal performance metric, known as “BTC Yield,” rose 309.8% in Q4 2024, 95.6% in Q1 2025, and a significant 21% already in the ongoing second quarter.
Metaplanet recently announced plans to launch Metaplanet Treasury, a U.S.-based subsidiary headquartered in Florida. This entity aims to raise up to $250 million to support the company’s Bitcoin strategy and access American capital markets.
Institutional Adoption of Bitcoin
The rise in BTC prices, increasing volume, and open interest all point to a broader institutional momentum. Spot Bitcoin ETF flows remain net positive despite minor outflows, and on-chain indicators confirm that the majority of BTC holders are still in profit.
Metaplanet now ranks as the world’s 11th largest public corporate Bitcoin holder. The firm aims to accumulate 10,000 BTC by the end of 2025 and eventually reach 21,000 BTC, mirroring the vision of Strategy (formerly MicroStrategy), which holds a staggering 555,450 BTC.
Other significant holders include MARA Holdings (holding around 48,237 BTC) and XXI (holding around 31,500 BTC), according to data from BitcoinTreasuries.net.
The ongoing purchases by these institutions are likely compressing Bitcoin’s supply curve and contributing to the overall bullish sentiment.
