In a statement released earlier today, the Japanese company Metaplanet disclosed it has obtained an additional 319 Bitcoin (BTC), elevating its total corporate inventory to over 4,500 BTC. This revelation comes during a time when the global cryptocurrency market remains challenged amid the intensifying trade conflicts.
Metaplanet Acquires Additional 319 Bitcoin
The corporate adoption of Bitcoin continues to increase as the Tokyo-listed firm Metaplanet announced the augmentation of its treasury by 319 BTC. The digital currency was obtained at an average rate of $83,147 per coin.
After this recent acquisition, Metaplanet’s total BTC reserves are now 4,525 BTC, with an average cost basis of $90,194 per coin. This strategic acquisition also elevates the company to the ninth position among publicly traded entities with the largest BTC holdings.
This purchase is part of Metaplanet’s comprehensive Bitcoin Treasury Operations plan, initiated in December 2024. The goal of this initiative is to enhance shareholder value by increasing the company’s exposure to Bitcoin – the largest cryptocurrency globally by market capitalization.
Significantly, Metaplanet assesses the efficacy of its BTC acquisition strategy through Bitcoin Yield – a key performance indicator (KPI) – which indicates the percentage deviation in the ratio of total BTC holdings to fully diluted outstanding shares over a specified time frame. The company explains:
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 attained a BTC Yield of 95.6%. For the current quarter, from April 1, 2025, to April 14, 2025, the company’s BTC Yield is 6.5%.
Additionally, Metaplanet disclosed its BTC Gain metric – calculated as total BTC holdings at the beginning of a specified time frame, multiplied by the achieved BTC Yield for that period. This value estimates the gain in BTC the company would have accumulated assuming no new shares were issued. From April 1 to April 14, Metaplanet’s BTC Gain was recorded at 263, down from 1,684 for Q1 2025.
Following the announcement, Metaplanet’s stock rose by more than 3.5%. At the time of writing, its shares were priced at 363 yen – roughly $2.53. Over the previous year, the company’s share value has surged by a remarkable 967.7%.
Will Strategy Necessitate Selling BTC?
While Metaplanet persists in its robust BTC accumulation, speculation is rife regarding whether Michael Saylor’s firm, Strategy – the largest corporate BTC holder – might be compelled to liquidate some of its Bitcoin to fulfill debt responsibilities.
According to a recent submission to the US Securities and Exchange Commission (SEC), Strategy could report an unrealized loss nearing $6 billion for Q1 2025. Should BTC’s price continue to depreciate, the company’s capacity to manage its debt may face escalating scrutiny.
Nonetheless, overall confidence in Bitcoin as a value store appears to be increasing. The Blockchain Group recently purchased 850 BTC as part of its own treasury strategy. As of the latest update, BTC is trading at $85,028, reflecting a 0.8% increase in the past 24 hours.
Featured Image from Unsplash.com, charts from Yahoo! Finance and TradingView.com
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