- Metaplanet increased Bitcoin holdings by over 5,000 BTC in early 2025.
- Q1 revenue hit $6 million, with Bitcoin contributing 88% of income.
- Shares rose 12.2% after latest Bitcoin purchase, reflecting investor confidence.
Metaplanet has steadily expanded its Bitcoin holdings since launching its treasury strategy in April 2024. The Japan-based firm has used proceeds from bond issuances and equity offerings to accumulate BTC, marking its third major purchase. This latest acquisition cost $712.5 million, with an average price of $91,343 per Bitcoin as noted on their X account.
Capital Raising Through Bonds and Warrants
The company’s CEO, Simon Gerovich, confirmed the recent transaction and emphasized the firm’s long-term commitment to Bitcoin. Metaplanet raises capital mainly through debt instruments such as ordinary bonds and moving strike warrants. Recently, it completed its 15th bond issuance, raising an additional $15 million to fund cryptocurrency acquisitions.
According to Bitcointreasuries.net , Metaplanet currently holds the largest publicly traded corporate Bitcoin reserve in Asia. Globally, it ranks 11th, trailing behind MicroStrategy, which remains the largest with 568,840 BTC. Metaplanet aims to increase its holdings to 10,000 BTC, with its current count at 7,800 BTC as of May 2025.
Between January and early May 2025, the firm purchased over 5,000 BTC. A separate purchase of 1,241 BTC occurred on May 12 for $119 million at an average price of $95,700 per coin. These additions reflect the company’s steady accumulation strategy in the first five months of 2025.
Financial Results Reflect Bitcoin’s Role
Metaplanet’s Q1 2025 revenue totaled approximately $6 million (¥877 million), with Bitcoin accounting for 88% of that figure. The company reported a 300% quarter-over-quarter yield growth from its Bitcoin portfolio. It projects a total return exceeding 232% by the end of 2025 based on current performance.
The number of shareholders increased by 500% within a year, reaching 64,000 by the end of Q1 2025. This growth signals heightened market confidence in Metaplanet’s Bitcoin strategy.
Metaplanet draws comparisons to MicroStrategy due to its aggressive Bitcoin accumulation and capital raising methods. Both firms use traditional financial tools to buy Bitcoin as a reserve asset. MicroStrategy currently holds more than 568,000 BTC, while Metaplanet pursues its 10,000 BTC goal.
Since January 2025, Metaplanet’s stock, traded under ticker 3350.T, increased by 70.91%. Following news of the latest Bitcoin purchase, shares rose by 12.2% in a single trading day. Metaplanet’s ongoing purchases and capital raising efforts reflect its focus on building a significant Bitcoin treasury. The company continues to track toward its target holdings through financial instruments and market activity.
