In an announcement made earlier today, Japanese firm Metaplanet revealed it has acquired another 319 Bitcoin (BTC), pushing its total corporate holdings beyond 4,500 BTC. The announcement comes at a time when the global crypto market continues to struggle amidst the escalating tariff wars.
Metaplanet Scoops Another 319 Bitcoin
Corporate adoption of Bitcoin continues to rise as Tokyo-listed public firm Metaplanet disclosed the addition of 319 BTC to its treasury. The digital asset was acquired at an average price of $83,147 per coin.
With this latest purchase, Metaplanet’s total BTC holdings now stand at 4,525 BTC, with an average cost basis of $90,194 per coin. The move also propels the company into the ninth spot among publicly listed companies with the largest BTC reserves.
This acquisition is part of Metaplanet’s broader Bitcoin Treasury Operations strategy, launched in December 2024. The initiative aims to enhance shareholder value by increasing the company’s exposure to Bitcoin – the world’s largest cryptocurrency by market cap.
Notably, Metplanet gauges the success of its BTC acquisition strategy through Bitcoin Yield – a key-performance indicator (KPI) – that reflects the percentage change in the ratio of total BTC holdings to fully diluted outstanding shares over a given period of time. The company notes:
From October 1, 2024 to December 31, 2024, the company’s BTC Yield was 309.8%. From January 1, 2025 to March 31, 2025, the company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025 to April 14, 2025, the company’s BTC Yield is 6.5%.
In addition, Metaplanet shared its BTC Gain metric – defined as total BTC holdings at the beginning of a period, multiplied by the achieved BTC Yield for that period. This figure estimates how much BTC the company would have gained assuming no new share issuance. From April 1 to April 14, Metaplanet’s BTC Gain stood at 263, down from 1,684 for Q1 2025.
Following the announcement, Metaplanet’s stock surged over 3.5%. As of writing, its shares were trading at 363 yen – approximately $2.53. Over the past year, the company’s share price has skyrocketed by an impressive 967.7%.
Will Strategy Be Forced To Sell BTC?
While Metaplanet continues its aggressive BTC accumulation, speculation surrounds whether Michael Saylor’s company, Strategy – the largest corporate BTC holder – might be forced to sell some of its Bitcoin to meet debt obligations.
According to a recent filing with the US Securities and Exchange Commission (SEC), Strategy may report an unrealized loss of nearly $6 billion for Q1 2025. If BTC’s price continues to decline, the company’s ability to service its debt could come under increasing scrutiny.
That said, broader confidence in Bitcoin as a store of value appears to be growing. The Blockchain Group recently added 850 BTC as part of its own treasury strategy. At press time, BTC trades at $85,028, up 0.8% in the past 24 hours.
Featured Image from Unsplash.com, charts from Yahoo! Finance and TradingView.com
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