Chiara Bianchi
Metaplanet, a Tokyo-based investment firm, has made another bold move in its ongoing Bitcoin strategy, acquiring an additional 463 BTC on August 4. This purchase pushes the companyโs total Bitcoin holdings to 17,595 BTC, with a current valuation of approximately ยฅ261.28 billion ($1.80 billion).
The latest acquisition, valued at ยฅ7.995 billion ($55.17 million), was made at an average price of ยฅ17.27 million ($119,163) per Bitcoin, as per the firmโs recent filing. This move aligns with Metaplanetโs ambitious target to accumulate 210,000 BTC by 2027.
BTC Yield Soars as Performance Metrics Impress
One of the key metrics Metaplanet uses to track performance is BTC Yield, which measures the growth in Bitcoin per fully diluted share. As of August 4, the firmโs BTC Yield has surged 170% year-to-date, with a quarter-to-date yield of 24.6%.
In less than a year, the Bitcoin per fully diluted share jumped from 0.00088 to 0.0201, indicating robust value creation for shareholders. This yield-driven strategy is fueling increased investor confidence and pushing up share value.
Aggressive Accumulation Backed by Equity and Debt Financing
Metaplanetโs rapid expansion has been supported by stock issuance and bond-backed capital raising. Since June 30, the firm has acquired over 4,200 BTC, much of it funded through the exercise of stock acquisition rights.
In July, the company redeemed ยฅ12.75 billion ($88.99 million) in bonds, another move financed through capital markets. These strategic actions indicate a firm commitment to ongoing Bitcoin accumulation, with plans to reach 30,000 BTC by the end of 2025 and 100,000 BTC by 2026.
New Share Offering Fuels Strategic Growth Plans
On August 2, Metaplanet announced a ยฅ3.73 billion ($25.74 million) preferred share issuance offering a 6% annual dividend. The capital raised will be used exclusively to purchase more Bitcoin, helping the firm stay on track to meet its aggressive long-term targets.
CEO Simon Gerovich highlighted Bitcoin as a critical hedge against yen depreciation and rising sovereign debt risks. Additionally, the company plans to acquire a digital banking platform to create additional yield from its expanding crypto reserves.
Share Price Surges Alongside Bitcoin Holdings
Investor sentiment toward Metaplanetโs Bitcoin-first approach has been overwhelmingly positive. The companyโs stock has skyrocketed 179% year-to-date and a staggering 1,391% over the past 12 months.
In Q1 FY2025, Metaplanet posted record-breaking revenue of ยฅ877 million ($6.05 million) and an operating profit of ยฅ593 million ($4.09 million), further validating its bold strategy.
Conclusion: Metaplanetโs Bitcoin Bet Shows No Signs of Slowing
As the firm continues to expand its digital asset portfolio, Metaplanet is positioning itself as a global leader in corporate Bitcoin adoption. With strong investor backing, strategic financing, and a clear long-term vision, the company is on a fast track toward becoming one of the largest private Bitcoin holders in the world.
