Metaplanet Buys 1,111 BTC, Total Holdings Now Top $1.1 Billion

Metaplanet Inc. has introduced a 1,111 BTC buy, pushing its whole holdings to 11,111 BTC valued at over $1.12 billion.

This newest acquisition, executed at a median value of roughly $106,408 per Bitcoin, additional solidified the Tokyo-based funding agency’s place among the many world’s high ten largest company holders of the unique cryptocurrency, growing its lead over Coinbase in tenth place and trailing Hut 8 in eighth by 273 BTC.

Metaplanet Units Its Sights Increased

Chairman Simon Gerovich confirmed the purchase by way of a publish on X, the place he revealed that the corporate was concentrating on 30,000 BTC earlier than the tip of 2025. Moreover, in an infographic shared in a follow-up post, Gerovich outlined his agency’s path to hitting 210,000 BTC by 2027.

He tasks the corporate buying 70,000 BTC in 2026 to get to 100,000, and including one other 110,000 the next yr to personal precisely 1% of your complete Bitcoin provide.

Metaplanet’s fast rise, from 97.850 BTC in April 2024, has been pushed by relentless capital market exercise. The group has utilized a mix of inventory acquisition rights and zero-coupon bond issuances, primarily directed to EVO FUND, to gasoline its Bitcoin accumulation technique.

The 1,111 BTC, purchased for $118.2 million, follows an analogous sample, coming weeks after a $117 million acquisition of 1,112 BTC on June 16, which elevated its holding to 10,000 BTC. Earlier than that, the agency bought 1,088 BTC on June 2 for about $117.5 million. Its common buy-in throughout all 11,111 BTC now stands at $95,869.

Metaplanet measures success by way of the “BTC Yield” metric, reflecting Bitcoin accretion per absolutely diluted share. In a statement shared on X, the agency revealed that the metric has soared 306.7% year-to-date, with a very sturdy 107.9% achieve between April 1 and June 23, translating to a hypothetical achieve of 4,367 BTC purely from operations, price ¥66.189 billion at their reference value.

Regardless of this aggressive technique, the corporate’s inventory was down 5.39% on the time of this writing, altering arms at ¥1,685, presumably resulting from heightened geopolitical tensions within the Center East following the US’ bombing of Iran’s nuclear services.

The dip was additionally witnessed within the value of Bitcoin. Presently buying and selling at round $101,511, the asset is down 4.5% over the previous week and 6.5% within the final month.

BTC Treasuries Catching On

Metaplanet’s shopping for spree isn’t just reshaping its personal steadiness sheet; it indicators a deepening institutional embrace of Bitcoin as a core treasury reserve asset.

In line with HODL15Capital, by June 16, 24 corporations had elevated their holding of the primary crypto asset by a further 11,902 models. These embody Singapore’s Genius Group, which purchased 100 BTC and is concentrating on 1,000, and Sweden’s first Bitcoin treasury firm, H100, which not too long ago elevated its possession of the asset to 169 BTC.

Others, corresponding to China’s DDC Enterprise and New York-based Mercurity, are planning to boost $528 million and $800 million, respectively, to buy Bitcoin.