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Metaplanet Inc. has increased its corporate reserves by 780 Bitcoin, bringing its total stock to 17,132 BTC. The firm listed in Tokyo revealed the purchase in a regulatory filing on July 28, with an average coin price of $119,136. The total investment amounted to $92.93 million, funded through share issuances and bond redemptions.
With this latest acquisition, Metaplanet now holds more Bitcoin than any other publicly traded company in Asia. CEO Simon Gerovich stated the purchase reflects the company’s continued commitment to Bitcoin as a long-term strategic reserve asset.
Since introducing its Bitcoin Treasury Operations in December 2024, the firm has increased its BTC accumulation through capital market instruments and operational revenue.
Investor activity has also surged alongside Metaplanet’s Bitcoin campaign. The volume of its shares on the Tokyo Exchange rose by almost 100% to $12.65 billion in June, compared to $6.78 billion in May. Analysts claim this increase is because the firm intends to move aggressively towards a digital asset strategy.
Between July 1 and July 28, Metaplanet recorded a 22.5% increase in its internal BTC Yield metric. This indicator reflects Bitcoin held per fully diluted share. In yen terms, the BTC gain for the month surpassed ¥52.5 billion ($357 million). The firm uses several performance metrics, BTC Yield, BTC Gain, and BTC ¥ Gain, to measure returns from its Bitcoin accumulation against dilution and overall share growth.
The average purchase cost across the firm’s total BTC holdings has now risen to $100,504 per coin, up from $87,992 at the end of March. This growth shows the company's continuous accumulation of coins over the last three months, during which it purchased over 13,000 BTC.
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Metaplanet's decision to prioritize Bitcoin over conventional fiat reserves is not unlike that of MicroStrategy, a US-based company. While Japan has seen limited corporate interest in cryptocurrency holdings, Metaplanet’s aggressive position could influence future treasury policies across the region.
The firm continues to finance Bitcoin purchases through stock option exercises and bond redemptions. From June 30 to July 28, the company issued millions of new shares through its 20th to 22nd series of acquisition programs. Fully diluted shares outstanding now stand at nearly 866 million.
Despite not declaring dividends, Metaplanet maintains that its Bitcoin-centric metrics help shareholders evaluate long-term value growth. However, the company cautioned that these indicators do not reflect cash flow or liabilities, and should not replace standard financial evaluations.
Metaplanet has signaled that it has no imminent plans to change its Bitcoin-first strategy. The company currently has 17,132 BTC in its balance sheet, which still keeps it at the forefront of crypto-based treasury management in Asia.
