Metaplanet has added 135 Bitcoin to its treasury, strengthening its position as one of Japan’s most active corporate Bitcoin investors.
On Feb. 25, the company announced the 1.939 billion yen ($12.8 million) purchase, bringing its total Bitcoin (BTC) holdings to 2,235 BTC at an average price of 12.44 million yen ($82,000) per Bitcoin.
Like Strategy (formerly MicroStrategy), which owns the biggest corporate Bitcoin treasuries, Metaplanet has been gradually growing its holdings since launching its Bitcoin Treasury Operations.
The company’s BTC Yield, which measures the amount of Bitcoin held per share, grew by 309.8% in Q4 2024. It has however slowed down to 23.2% in early 2025 as Metaplanet increased the number of its shares.
Metaplanet continues to leverage capital market activities to finance its Bitcoin purchases. In January, Metaplanet offered 21 million stock acquisition rights to EVO FUND, managed by Evolution Capital Management, followed by early bond redemptions of 4 billion yen ($26.5 million) in February.
Since it started purchasing Bitcoin in April 2024, Metaplanet’s stock price has increased by more than 3000%, making it the best-performing stock in Japan. On Feb. 18, the company announced a 10-to-1 stock split that would go into effect on Apr. 1, to make shares more accessible.
The initiative comes after a prior reverse stock split in August 2024 that combined ten shares into one. Now that the stock price is above 6000 yen a share, the company is dividing shares once more to increase liquidity and draw in new investors.
Metaplanet’s strategy may provide a template for other businesses looking to incorporate Bitcoin into their balance sheets, given Japan’s progressive views on the cryptocurrency.
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