Metaplanet Boosts Bitcoin Holdings to 1,762 BTC Amid 309% Yield Surge
Metaplanet, the Japanese tech giant, has added 617 BTC to its Bitcoin holdings, 56% more than before, at an average price of $95,000.
This latest purchase is worth ¥9.5 billion ($60.7 million) and brings Metaplanet’s total Bitcoin to 1,761.98 BTC, acquired for approximately ¥20.87 billion.
The company has seen a 309% return on its Bitcoin investments for the quarter, up from 41.7% last quarter. Bitcoin’s all-time high of $108,000 this quarter was a big contributor to these gains. CEO Simon Gerovich says, “This way we protect our capital from the declining yen and we are positioned for the future.”
Metaplanet’s Bitcoin buying spree is part of its plan to become a Bitcoin Treasury company. Last week the company issued two bond issues, ¥9.5 billion in total, and used all of it to buy Bitcoin.
Declaring Bitcoin as a Core Corporate Asset
Metaplanet has rebranded itself as a Bitcoin Treasury company and put Bitcoin at the core of its portfolio. “We will increase shareholder value by using Bitcoin’s long term potential in volatile markets” says Gerovich.
This is happening globally as businesses and governments are buying Bitcoin during corrections. El Salvador just bought 29 more BTC and now has 5,995 BTC worth $562 million.
Metaplanet’s Bitcoin-focused strategy has also had a dramatic impact on its stock price, which has surged 2,034% year-to-date. Although the stock reached a peak of 4,250 JPY last week, it has since corrected to 3,410 JPY, reflecting broader market sentiment.
Bitcoin’s Market Outlook
Bitcoin is trading at $95,500, with a market cap below $1.9 trillion.
Daily trading volumes fell 4.18%, slipping under $50 billion.
Long liquidations dominate, with $40 million recorded in the last 24 hours.
Metaplanet’s bold strategy underscores the growing institutional interest in Bitcoin, even as market volatility persists.
