Japanese investment firm Metaplanet has pulled off a large-scale play in its Bitcoin strategy by acquiring 1,005 BTC for $108.1 million. This purchase adds to their total of 13,350 BTCS. In turn, it places them among the top five public corporate holders of Bitcoin in the world. They have outdone players like Galaxy Digital and CleanSpark. This puts Metaplanet in the run as Asia’s top corporate Bitcoin whale. CEO Simon Gerovich celebrated the move on X, calling it “a strategic leap toward institutional Bitcoin supremacy.”
CEO Simon Gerovich reported that the company paid an average of $107,601 per Bitcoin for the purchase. As for the total investment across all our holdings Metaplanet’s cost basis is at about $97,832 per BTC. In a surprising turn of events Gerovich told investors that only three months ago had 3,350 BTC in hold. The 10,000 BTC acquired since then is very dramatic.
Metaplanet has a year to date Bitcoin yield of 349%, which supports their high value strategy. With this latest purchase, they have passed Tesla (11,509 BTC). They are closing in on Riot Platforms (13,800 BTC). Now, they are behind only MicroStrategy, Marathon Digital, and Twenty One Capital.
Uses Innovative Bond Structure
In this case of our Bitcoin strategy, Metaplanet’s very skillful use of zero interest financing. The report said that the company put out $208 million in zero interest bonds. According to Metaplanet’s official disclosure, these bonds were issued to accelerate its Bitcoin reserves without burdening the balance sheet. They issued these for 30 billion yen. Out of that amount, they used some to pay off earlier debt that had a 0.36% interest rate. The rest went right into Bitcoin purchases.
This financing approach mirrors MicroStrategy’s playbook but is optimized for Japanese markets. It reduces interest expenses and increases financial flexibility. We extend debt out to December 2025. This is a low-cost, high-leverage approach to grow the Bitcoin reserves. It also doesn’t break the bank with regard to the balance sheet.
Metaplanet’s Bitcoin Strategy To hit 210,000 BTC By 2027
The largest venture of its kind to date, Metaplan also put out their “Billion Dollar Plan.” They set out to buy 210,000 BTC by 2027, reaching the 1% mark of Bitcoin’s total supply. In a follow-up post, Gerovich emphasized this is “not speculation, it’s macro strategy.”
It was part of a series of events. This saw the company carry out what was the largest Asian-based Bitcoin investment round and issue of stock. It was worth $5.4 billion, with 555 million shares issued.
This initiative came after a 10 for 1 stock split. It increased our authorized shares to 1.61 billion. CEO Gerovich, who holds over 15 million shares worth $115 million, is very much putting skin in the game.
With a 4-fold increase in year-to-date stock performance and a 3500% gain since we went all in on Bitcoin, Metaplanet is not just putting up numbers. They are rewriting the corporate finance rules.Their position among the top corporate Bitcoin holders reflects a bold long-term thesis many now see as a new corporate treasury model.
