Metaplanet acquires 330 Bitcoin worth $28 million

Metaplanet has added an additional 330 Bitcoins, which equates to $28 million. The Japanese investment firm wants to add 21,000 Bitcoins by 2026.

Simon Gerovich, the CEO of Metaplanet, published a post on X about the recent Bitcoin purchase. In the post, he stated that Metaplanet acquired 330 Bitcoins for an average price of $85,605.

Gerovich added that the Japanese company has achieved a BTC Yield of 119.3% year-to-date (YTD). The CEO wrote that Metaplanet holds 4855 Bitcoins, acquired for an average total of $414.5 million at an average price of $85,386 per BTC.

Metaplanet is the biggest BTC holder in Asia

Data from CoinGecko shows that Metaplanet is the biggest Asian company that holds Bitcoin. The Japanese firm holds 0.020% of the total BTC supply. NEXON Co Ltd is the next Asian company on the list, ranking at number 14. NEXON, which is a Japanese company, has 1,717 BTC.

Metaplanet ranks 10th globally in terms of Bitcoin holdings. The top nine spots are reserved for eight US-based companies and one Canadian company. Saylor’s Strategy ranks number 1 with BTC holdings of 528,185 coins, 2.515% of the total Bitcoin supply.

Cryptopolitan reported that Metaplanet has issued ¥2 billion or $13.3 million in zero-interest ordinary bonds to buy more Bitcoin. On March 31, the investment firm posted on X about its 10th series of ordinary bonds, which shows EVO FUND as the bondholder.

In a January announcement, Dylan LeClair, Director of Bitcoin Strategy at Metaplanet, said:

“BTC Yield is the foundation of our strategy and the ultimate measure of our success … We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself. Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell.”

Metaplanet wants to acquire 21,000 BTC by 2026

As part of its Bitcoin plan for 2025, Metaplanet’s Bitcoin holdings target is set at 21,000 BTC. The company, often named the Asian Strategy or MicroStrategy, stated that the first phase of this plan is to issue 21 million shares via moving strike warrants. Moving strike warrants are a financial tool that lets investors buy new shares in the future at a flexible price.

Metaplanet is planning to raise about 116.65 billion yen (roughly $750 million) to issue shares and buy more Bitcoins. The investment firm wrote that this is “Asia’s largest-ever equity capital raise for Bitcoin, targeting ¥116.65 billion.”

In the past week, Metaplanet and Strategy have added 300 BTC and 6,556 BTC, respectively, to their treasuries. Bitcoin has been rallying along with Gold after China’s purchase of 5 tonnes of gold and BTC’s upward momentum of 3% over the past week.

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