Étienne Girard
Metaplanet, a Japanese investment company, has officially surpassed the 5,000 BTC benchmark following its latest acquisition of 145 bitcoin on Thursday. The total value of its Bitcoin holdings now sits at approximately $460 million, cementing its position among the world’s top corporate Bitcoin treasuries.
“We’ve reached 50% of our 10,000 BTC goal for 2025,” said CEO Simon Gerovich in a post on X. “This marks a major step forward in our journey to become a global leader in corporate bitcoin strategy. From Japan, we’re aiming to lead the global bitcoin charge.”
The recent purchase was funded through a stock rights issuance, with Metaplanet buying Bitcoin at an average price of 13,280,472 yen (~$93,327) per coin, totaling nearly 1.93 billion yen ($13.6 million).
To date, the firm has spent around $428.1 million to build its 5,000 BTC position, placing it alongside major players like MicroStrategy, Tesla, Marathon Digital, and Block, according to PRIME’s data.
Tracking Shareholder Value Through ‘BTC Yield’
Like other major crypto treasury firms, Metaplanet utilizes a unique metric called BTC Yield to evaluate the return on its bitcoin holdings relative to shareholder equity. Year-to-date, the firm has recorded a BTC Yield of 121.1%, showcasing strong strategic momentum and investor alignment.
Since launching its Bitcoin adoption initiative in April 2024, the company has rapidly scaled its holdings with a broader goal of reaching 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Rapid Growth Despite Market Pressure
Earlier this week, Metaplanet acquired an additional 330 BTC ($28.2 million), just days before Thursday’s update. Amid investor concerns about short-term price dips, Gerovich remained firm in his stance, stating, “We’re just getting started.”
Despite the company’s aggressive bitcoin strategy, Metaplanet’s stock has seen a 31.6% decline in the past month, closing Thursday at 355 yen ($2.49). Still, the stock has posted a staggering 1,000%+ gain over the past year, reflecting longer-term market optimism.
New Institutional Giants Enter the Bitcoin Arena
While Metaplanet scales up, a fresh wave of institutional adoption is emerging. Cantor Fitzgerald, SoftBank, Tether, and Bitfinex have unveiled plans to launch a $3.6 billion bitcoin investment platform called Twenty One Capital.
Structured through a SPAC merger with Cantor Equity Partners, the new venture will debut with over 42,000 BTC, positioning itself as a major player alongside MicroStrategy.
As reported by the Financial Times, Tether will contribute $1.5 billion in BTC, SoftBank will add $900 million, and Bitfinex will provide $600 million. An additional $385 million is expected to be raised via convertible notes, along with $200 million in private equity, to further increase Twenty One’s bitcoin reserves.
Bitcoin Goes Global: Sovereign Wealth Funds Join the Party
Institutional interest isn’t limited to corporations. According to Coinbase Institutional’s John D’Agostino, sovereign wealth funds are also ramping up their bitcoin exposure.
“In April, long-term institutional capital and sovereigns moved in heavily,” D’Agostino said in an interview with CNBC. “Bitcoin rose 13% compared to gold’s 10.5% — while retail investors were actually exiting through ETFs. The real question is: What do institutions know that retail doesn’t?”
