- Metaplanet now holds more Bitcoin than El Salvador after a new $126 million purchase this week.
- The firm aims to reach 10,000 Bitcoin in treasury by the end of 2026 using bond funding and regular buys.
- Metaplanet stock has surged 1700% since mid 2024 after adopting its aggressive Bitcoin strategy.
Japanese investment firm Metaplanet has added 1,241 Bitcoin to its treasury. The acquisition cost the company approximately $126.7 million. This latest buy pushes Metaplanet’s total Bitcoin holdings to 6,796 BTC. The Tokyo-listed firm now holds more Bitcoin than El Salvador, previously one of the top nation-state holders.
Aggressive Expansion Strategy
Metaplanet continues its aggressive acquisition strategy. The company aims to reach 10,000 BTC in reserves by the end of 2026. Last week, it announced plans to raise $25 million through its 13th Series of Ordinary Bonds. This fundraising aligns with the firm’s pattern of using bond issuance to fuel Bitcoin purchases.
The company uses its EVO FUND for bond offerings. This financial structure supports its long-term Bitcoin investment plan. Since launching the strategy in April 2024, Metaplanet has made consistent, large-scale purchases.
Recent Buys Boost Reserves
On May 7, the company acquired 555 BTC in a single transaction. In April, it bought 18,586 BTC through four separate purchases. In March, it added 18,925 BTC through six transactions. Each acquisition has increased in size compared to previous ones.
Today’s purchase occurred at an average price of $102,111 per Bitcoin. This is Metaplanet’s highest buy-in price so far. Despite the high entry point, the firm maintains confidence in the asset’s value trajectory.
Outperforming Peers and Nations
With 6,796 BTC now in reserve, the firm has overtaken El Salvador’s holdings of 6,714 BTC. El Salvador was previously the sixth-largest Bitcoin-holding nation-state. Metaplanet’s Bitcoin reserves are currently worth around $707 million.
The company’s average acquisition cost now stands at approximately $89,492 per Bitcoin. It has spent about $608.2 million in total. Some analysts argue that its strategy has outperformed MicroStrategy’s Bitcoin investment plan.
Strong Market Response
Following today’s announcement, Metaplanet shares rose by 3%, trading above 550 JPY. The stock has gained over 1,700% since adopting the Bitcoin strategy in mid-2024. It is also up more than 51% since January 2025.
The firm reported a Bitcoin Yield of 38% for the current quarter. During the first quarter of 2025, it posted a yield of 95.6%. This metric tracks the percentage change in Bitcoin holdings per fully diluted share.
Metaplanet is now positioning itself among larger industry players. It seeks to challenge firms like Coinbase and Block Inc. The company remains focused on long-term Bitcoin accumulation using its structured bond-financing model.
