Metaplanet Purchases 497 Bitcoin, Increasing Total Holdings to 2,888 BTC

Highlights:

• Metaplanet acquires 497 BTC for $43.9 million, bringing total holdings to 2,888 BTC.
• Metaplanet’s stock jumps 19%, reflecting strong investor confidence amid aggressive Bitcoin accumulation.
• CEO Gerovich reveals that Metaplanet has exceeded the Bitcoin yield target with a 45% year-to-date return.

In a March 5 X post, Japanese investment firm Metaplanet CEO Simon Gerovich revealed that the company had acquired 497 Bitcoin (BTC) at around $88,448 per coin for a total spend of $43.9 million. Its latest purchase increases its total Bitcoin holdings to 2,888 BTC at an average acquisition price of $84,240 per coin. The total stash is valued at approximately $260 million, with Bitcoin trading around $90,300. 

Metaplanet has acquired 497 BTC for ~$43.9 million at ~$88,448 per bitcoin and has achieved BTC Yield of 45.1% YTD 2025. As of 3/5/2025, we hold 2888 $BTC acquired for ~$240.2 million at ~$83,172 per bitcoin. pic.twitter.com/0cOlXfaq8w

— Simon Gerovich (@gerovich) March 5, 2025

Metaplanet’s latest acquisition is its second this week. This follows the purchase of 156 BTC at an average price of $85,483 per coin, totaling approximately $13.34 million on March 3.

Metaplanet’s aggressive accumulation strategy has strengthened its digital asset holdings and boosted its stock on the Tokyo Stock Exchange. On March 5, its stock price jumped 19% to close at approximately 3,985 yen ($26.60), despite the Nikkei 225 dropping 1.7%. Metaplanet’s shares have risen over 1,700% over the past 24 hours, showing strong investor confidence during its continued buying spree.

Metaplanet Exceeds Bitcoin Yield Target with 45% Return Year-to-Date

Additionally, CEO Gerovich revealed that Metaplanet has recorded a year-to-date Bitcoin yield of 45%. This performance exceeds the company’s target of achieving a 35% BTC yield per quarter this year. In February, Metaplanet reported a year-to-date Bitcoin yield of 23.2% and set a target of 35% for the year.

Metaplanet Becomes Asia’s Largest Corporate Bitcoin Holder

Metaplanet has acquired 794.5 BTC this year, realizing approximately $66 million in gains during Q1. The company aims to accumulate 21,000 BTC by 2026 as part of its strategy to drive Japan’s Bitcoin resurgence. 

These recent acquisitions have positioned Metaplanet as the 12th-largest corporate Bitcoin holder worldwide. It is now the largest in Asia, surpassing Hong Kong-based gaming company Boyaa Interactive International, according to BiTBO.

To fund its Bitcoin purchases, the firm raised capital by selling bonds. In February, it sold 4 billion yen ($26.4 million) in zero-coupon bonds. On February 27, the firm issued an additional 2 billion yen ($13.2 million) under its 7th Series of Ordinary Bonds, due in August 2025.

Moreover, the company is considering listings outside Japan, potentially in the U.S., to expand investor access. In late February, Gerovich met with officials at the New York Stock Exchange and Nasdaq to present the firm’s platforms and functions. On March 3, he stated on X, “We are considering the best way to make Metaplanet shares more accessible to investors around the world.”

Large Investors Seize Opportunity as Bitcoin Falls

Following Bitcoin’s drop to $83,000 on Monday, large investors seized the opportunity to accumulate more. Crypto analyst Ali Martinez observed that since Bitcoin fell below $88,000 on February 24, whales have purchased over 20,000 BTC, indicating strong demand.

Martinez also highlighted that Bitcoin’s Sharpe ratio is transitioning from “High Risk” to “Low Risk.” This market shift shows that investors are purchasing BTC in expectation of future gains.

Whales have bought over 20,000 #Bitcoin $BTC since it dipped below $88,000 on February 24, signaling strong buy-side interest at these levels! pic.twitter.com/VBKi2JPlyT

— Ali (@ali_charts) March 4, 2025