Tokyo-based investment company Metaplanet has bolstered its Bitcoin holdings with the acquisition of 135 BTC for approximately $13 million, according to a recent corporate disclosure. The purchase was made at an average price of ¥14,360,449 ($96,185) per Bitcoin.
However, just hours after the acquisition, Bitcoin’s price took a sharp downturn, reaching a three-month low on Tuesday. By midday in Japan, the cryptocurrency slipped below $91,000 and continued to decline, dipping under $88,000 at the time of reporting.
Despite this short-term volatility, Metaplanet’s Bitcoin portfolio remains profitable. The firm has accumulated a total of 2,235 BTC, now valued at approximately $196 million. Since initiating its Bitcoin accumulation strategy in April last year, the company has seen an unrealized gain of around 12%.
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Earlier this year, in January, Metaplanet outlined an ambitious plan to significantly increase its Bitcoin reserves. The firm aims to raise its holdings by 470% within the year, with a target of 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026.
This aggressive expansion aligns with the company’s broader corporate treasury strategy, which was officially established as a business operation in December 2023. Metaplanet remains committed to increasing its Bitcoin holdings despite market fluctuations, maintaining an average acquisition cost of ¥12,441,856 ($81,834) per Bitcoin—still well below the current market price.
In its public disclosure Metaplanet stated “Company uses BTC Yield to assess the performance of its Bitcoin acquisition strategy, which is intended to be accretive to shareholders. From July 1, 2024 to September 30, 2024, the Company’s BTC Yield was 41.7%. From October 1, 2024 to December 31, 2024, the Company’s BTC Yield was 309.8%. Quarter to Date, from January 1, 2025 to February 25, 2025, the Company achieved a BTC Yield of 23.2%.”
