Japan’s Metaplanet adds 1,241 Bitcoin, bringing total holdings to 6,796 BTC

May 12, 2025 at 6:51 AM UTC

Edited by Ankish Jain

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Japan’s Metaplanet adds 1,241 Bitcoin, bringing total holdings to 6,796 BTC

Japanese investment firm Metaplanet Inc. has added 1,241 more Bitcoin to its treasury, pushing its total holdings above 6,700 BTC.

According to a May 12 public filing, the latest purchase, made at an average price of ¥14.85 million (around $95,700) per Bitcoin (BTC), cost the company ¥18.4 billion (roughly $119 million). With this move, Metaplanet’s total Bitcoin holdings now stand at 6,796 BTC, acquired at an average price of ¥13.27 million (approx. $85,600) per coin, bringing its cumulative Bitcoin exposure to over ¥90.1 billion (approx. $583 million).

The company’s Bitcoin Treasury Operations are designed to enhance shareholder value using BTC Yield as a key performance metric. BTC Yield measures the percentage change in Bitcoin held per fully diluted share. From January through March 2025, Metaplanet achieved a BTC Yield of 95.6%, with a further 38% yield recorded so far in Q2.

To fund its Bitcoin strategy, Metaplanet has been actively issuing bonds and stock acquisition rights. This aggressive pace has drawn comparisons to Strategy (formerly MicroStrategy). While strategy holds over eighty times the amount of Bitcoin, Metaplanet appears to be earning value more quickly from its holdings.

Blockstream chief executive officer Adam Back highlighted this on May 10 in a post on X, comparing Metaplanet to Strategy. Using a metric he calls “months to mNAV cover,” which tracks how fast Bitcoin gains can cover a company’s net asset value, Back said Metaplanet only needs five months to reach that point, compared to Strategy’s 19 months.

suggested treasury company metric: "months to mNAV cover" eg @Metaplanet_JP has 2x yield (100%) in 3 months. and yet mNAV is 3.3x. so it would take 5 months at 2x to cover the mNAV, after that further yield is all upside (assuming btc/share increases reflect in pricing).
— Adam Back (@adam3us) May 10, 2025

That makes Metaplanet 3.8 times faster in terms of Bitcoin earnings speed. Based on this pace, Back even suggested the company’s share price could rise from 533 yen to 1,340 yen.

With 6,796 BTC already secured, Metaplanet is 68% of the way toward its 2025 goal of 10,000 BTC. Its long-term vision is to accumulate 21,000 BTC, roughly 1% of the total supply. The firm is already Asia’s biggest corporate Bitcoin holder and recently revealed plans to establish a Miami-based subsidiary to extend its global footprint.