Metaplanet’s BTC Portfolio Hits 3,200 After New $12.5M Bitcoin Purchase

Highlights:

• Metaplanet procured 150 BTC for $12.5 million to expand its Bitcoin holdings to 3,200 tokens.
• The company purchased each token at an average cost of $83,660.
• The Japanese firm’s entire Bitcoin store valuation soared to about $269.3 million following its most recent purchase.

On March 18, Japanese crypto investment firm Metaplanet tweeted that it had bought 150 BTC for $12.5 million, expanding its total holdings to 3,200 tokens. Today’s purchase comes a few days after the company had spent roughly $13.5 million procuring 162 BTC on March 12. According to the announcement, Metaplanet spent approximately $83,660 per Bitcoin. The company’s total Bitcoin valuation has soared to about $269.3 million, with each token valued at roughly $84,150.

Metaplanet’s Bitcoin investment returns have fluctuated significantly. Between July 1, 2024, and September 30, 2024, the firm’s quarterly gain was approximately 41.7%. From October 1, 2024, to December 31, 2024, the quarterly yield spiked to about 309.8%. However, in its most recent quarter, extending between January 1, 2025, and the present, the profits dropped to about 60.8%.

*Metaplanet Purchases Additional 150 $BTC* pic.twitter.com/RvybvX46br

— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025

Metaplanet Issues ¥2 Billion in Zero-Rate Bonds to Strengthen Bitcoin Reserves

Despite the lower returns, Metaplanet continues buying Bitcoin. On March 18, the firm issued its 9th series of 0% bonds to raise ¥2 billion ($13.4 million), following a similar ¥2 billion issuance on March 12 (8th series). The short intervals between the bond issuances underscore the firm’s committed effort to Bitcoin accumulations.

Details of 9th Series of Ordinary Bonds

According to Metaplanet’s announcement on X, the bond carries no interest and will mature on September 17, 2025, six months from issuance. Bond redemption will stem mainly from proceeds realized during the 14th to 17th series of stock acquisition rights.

Metaplanet added that its bonds are unsecured with no collateral, signifying high risk for the bondholder (EVO FUND). The company or bondholders can decide to trigger the redemption procedures earlier than the stipulated date if the stock acquisition rights generate significant funds.

*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/RhXoSZD3bw

— Metaplanet Inc. (@Metaplanet_JP) March 18, 2025

Metaplanet’s BTC Portfolio Aligns with Long-Term Investment Target

Earlier this year, Metaplanet’s Chief Executive Officer (CEO) Simon Gerovich outlined some of his company’s future Bitcoin investment plans. The firm plans to expand its Bitcoin holdings to 10,000 tokens by the end of this year and 21,000 coins by the end of 2026.

While the targets might seem ambitious, Metaplanet has shown commitment through consistent procurement and fundraisers. This month, the company has completed four different Bitcoin purchases, accumulating 965 BTC for about $83.3 million. If this pace continues, Metaplanet will be well-positioned to meet or exceed its targets.

Bitcoin Institutional Interest Continues to Soar Despite BTC’s Unimpressive Price Actions

Over the past few weeks, Bitcoin has disappointed with unimpressive price movements. The token is changing hands at about $83,200, reflecting a 0.2% decline in the past 24 hours. Within the same timeframe, its price extremes have fluctuated between $82,295 and $84,583, highlighting BTC’s recent struggles. Bitcoin’s market capitalization has dropped to about $1.6 trillion, while its 24-hour trading volume is $24.6 billion.

Despite its price actions, whales and other institutional interests remain strong. On March 17, Strategy expanded its Bitcoin holdings with an additional 130 BTC valued at about $10.7 million. The purchase increased the company’s Bitcoin holdings to about 499,226 tokens, cementing its position as the largest corporate holder of Bitcoin. Currently, Strategy’s entire Bitcoin holdings are valued at over $41 billion, with each token costing an average of $66,360.