Metaplanet Buys 1,004 More Bitcoin, Total Holdings Hit 7,800 BTC

Highlights:

• Metaplanet purchased 1,004 BTC, increasing its total holdings to 7,800 BTC valued at about $800 million.
• Stock jumped 12.6% after the latest BTC purchase, hitting a three-month high. 
• The company’s Q1 revenue hit $6 million, with 88% from BTC options trading.

On Monday, Japanese investment firm Metaplanet added 1,004 Bitcoin to its portfolio, buying each at an average price of JP¥15,134,304 ($104,180). This $104 million acquisition boosts their total Bitcoin holdings to 7,800 BTC, with a current value exceeding $800 million. This is the firm’s second-largest purchase, after buying 1,241 BTC for $129 million on May 12.

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*Metaplanet Acquires Additional 1,004 $BTC* pic.twitter.com/r86rLc7ngh

— Metaplanet Inc. (@Metaplanet_JP) May 19, 2025

Metaplanet Joins Top 10 Public BTC Holders

Metaplanet has become the 10th biggest public Bitcoin holder, overtaking El Salvador’s Bitcoin reserve, according to BiTBO data. CEO Simon Gerovich previously stated the company plans to hold 10,000 BTC by the end of the year.

5,000 BTCを突破しました 🚀

2025年末までに10,000 BTCという初期目標の50%に到達。世界有数のビットコイン保有企業を目指す中で、大きな一歩となりました。日本から、世界のビットコインレースを牽引していきます。 pic.twitter.com/u86xdc6bYV

— Simon Gerovich (@gerovich) April 24, 2025

With the purchase of just 301 more BTC, Metaplanet would move ahead of Galaxy Digital Holdings, which currently holds 8,100 Bitcoin. Michael Saylor’s company, Strategy, remains the top public firm holding Bitcoin, with 568,840 BTC worth about $59 billion. Meanwhile, Metaplanet has increased its Bitcoin purchases recently, adding 2,800 BTC just in May. The company made four separate purchases in April, adding 794 BTC, and six acquisitions in March, totaling 1,655 BTC. This rapid pace underscores Metaplanet’s growing commitment to expanding its Bitcoin reserves.

Blockstream CEO Adam Back said Metaplanet is growing much faster than MicroStrategy. It grows 3.8 times quicker based on a value called modified net asset value (mNAV). Investors use mNAV to compare Bitcoin holdings and company size in public crypto companies.

suggested treasury company metric: "months to mNAV cover" eg @Metaplanet_JP has 2x yield (100%) in 3 months. and yet mNAV is 3.3x. so it would take 5 months at 2x to cover the mNAV, after that further yield is all upside (assuming btc/share increases reflect in pricing).

— Adam Back (@adam3us) May 10, 2025

Today’s purchase happens as BTC price hovers around $103,500, struggling to break past strong resistance at $105,000. Crossing $105,000 could unlock new all-time highs. The overall financial markets are still uneasy after Moody’s lowered the U.S. credit rating. This caused the S&P 500 to drop and pushed investors to seek safer options like Bitcoin and gold.

Metaplanet’s Strong Q1 Earnings and Bitcoin Strategy Drive Stock Surge

Metaplanet’s Q1 FY2025 earnings report showed strong results, posting $6 million in revenue, with 88% coming from Bitcoin options trading. The company reported a 170% return on its Bitcoin holdings and gained 2,996 BTC by May 12. This highlights the firm’s successful Bitcoin-focused strategy and reinforces its position as a leading crypto investor in Asia. “Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter,” Metaplanet said.

Metaplanet’s stock (3350.T) has seen a strong upward trend amid its continued Bitcoin accumulation. After the latest purchase of 1,004 BTC, shares jumped 12.6%, hitting a three-month high. At the time of writing, the stock traded at 684 yen ($4.72). Over the last month, its value has surged 101.7%, fueled by Bitcoin’s price growth and the company’s aggressive BTC strategy. Since shifting its focus to Bitcoin, Metaplanet’s stock has grown more than 15 times in value.

Metaplanet finances its BTC acquisitions by issuing zero-coupon ordinary bonds. In May, it raised $64.7 million through such bonds. So far, the company has invested around $712.5 million in Bitcoin, with an average purchase price of 13.5 million yen per BTC — about $91,343 per coin.

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