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Metaplanet Inc. announced on Monday that it had acquired 1,005 BTC, raising its total Bitcoin holdings to 13,350 BTC. The purchase, valued at approximately $108.1 million, was executed at an average price of $107,601 per bitcoin. This transaction places the Tokyo-listed company ahead of Galaxy Digital and CleanSpark in corporate Bitcoin holdings.
According to BitcoinTreasuries.net, Metaplanet now ranks fifth among publicly listed corporate holders of Bitcoin. The firm’s CEO, Simon Gerovich, stated on social media that the company held just 3,350 BTC three months ago. Since then, it has accelerated its Bitcoin strategy by acquiring an additional 10,000 BTC. With the current value of Bitcoin hovering near $108,500, Metaplanet’s holdings are worth around $1.4 billion.
According to the website, earlier this month, the firm established a new long-term goal of acquiring more than 210,000 BTC by the end of 2027. The company has been expanding its crypto treasury with frequent purchases in line with its stated treasury strategy.
On the same day as the Bitcoin purchase, Metaplanet announced the issuance of 30 billion yen (around $208 million) in zero-interest ordinary bonds. These funds are scheduled for redemption by December 29, 2025. A portion of the capital will go toward repurchasing and canceling the third series of bonds issued in November 2024. These earlier bonds bore interest and were secured by collateral.
The remaining funds from the new bond issuance will be allocated to further Bitcoin purchases. The company emphasized this dual-purpose use in its filing, stating that the move aligns with its broader objective to strengthen the Bitcoin component of its corporate treasury. This bond issuance reflects a strategic shift from debt instruments with interest to those offering more flexible terms.
Metaplanet also revealed that EVO FUND is the leading buyer of its 19th series bond offering. The bond offering will supplement the broader financing strategy linked to the firm's roadmap for acquiring Bitcoins.
Also Read: Bitcoin Price Trades Steady at $107,576; Bulls Eye Breakout Above $108,800
Following the announcement, Metaplanet's stock (3350.T) surged 9.33% to 1,628 yen during Monday’s trading session in Tokyo. Yahoo Finance data showed the stock price fluctuated between 1,507 and 1,625 yen during the session. The company's shares have rallied more than 51% in the past month and are up over 364% year-to-date.
The increase in stock value reflects investors' renewed interest, which is caused by Bitcoin’s price performance and Metaplanet's intensive buying stance. Notably, the company's stock fell in the past due to the announcement of its “Accelerated 2025-2027 Bitcoin Plan” of issuing 555 million shares to raise $5.4 billion.
Meanwhile, Bitcoin continued its upward trend, trading around $108,496 with a 24-hour high of $108,798. Metaplanet’s direct link to Bitcoin’s performance may continue to influence its stock price in the near term.
