- Metaplanet added 463 BTC, bringing its total stash to 17,595 BTC (worth over $2B market value), with plans to raise $3.6B for even more.
- The company filed to issue preferred stock and aims to acquire 210,000 BTC by 2027—rivaling MicroStrategy’s aggressive crypto strategy.
- Focused on long-term Bitcoin accumulation over dividends, Metaplanet’s per-share BTC growth is turning heads in Asia’s institutional crypto scene.
Tokyo-based Metaplanet just added another 463 Bitcoin to its growing treasure chest, pushing the company’s total BTC holdings to a hefty 17,595 coins. That news dropped on August 4, and yeah—it’s part of the firm’s pretty relentless Bitcoin buying spree that kicked off late last year.
At today’s rates, that stash clocks in around ¥261.28 billion—or about $1.78 billion in greenbacks. But here’s the kicker: if you go by market value (not just what they paid), the company says it’s more like $2.02 billion. That’s a solid chunk of digital gold, no matter how you spin it.
New BTC, Bigger Ambitions: $3.6B Raise in the Works
This latest purchase cost ‘em about ¥7.995 billion, or $54.4 million, at an average price of ¥17.27 million ($117,420) per coin. All told, their average buy-in across the board is about ¥14.85 million ($101,010), which means they’re sitting on a nice unrealized gain. Not bad.
But the real bombshell? Metaplanet’s aiming even higher. On Friday, they filed to raise up to ¥555 billion (around $3.6 billion) through perpetual preferred stock. That’s part of a bigger plan to eventually hold 210,000 BTC by 2027. Yep, that would put them right up there with MicroStrategy.
As part of the filing, they also wanna boost their authorized share count and add two types of preferred stock—each with different levels of risk and convertibility. Basically, it gives them more levers to pull as they keep fueling their Bitcoin playbook.
Since Bitcoin Became “Business,” It’s Been Full Steam Ahead
This isn’t some new pivot. Back in December 2024, Metaplanet formally declared Bitcoin as a core line of business. Since then, they’ve been tapping capital markets like it’s a sport—selling shares, redeeming bonds, even exercising warrants to pile on more BTC.
They also rolled out a homegrown metric called BTC Yield, which tracks how much Bitcoin they’ve added per fully diluted share. That figure hit 24.6% for the latest quarter—not quite as wild as last quarter’s 129.4%, but still a pretty decent boost. Other internal stats like BTC Gain and BTC ¥ Gain try to capture shareholder value from both a Bitcoin and yen perspective.
Dividends? Nope. They’re Going All-In on Bitcoin Per Share
Metaplanet’s not out here chasing quarterly profits or cutting dividend checks. Instead, they’re leaning into a narrative that’s all about long-term BTC accumulation—especially per-share growth. As of early August, they were sitting at 0.0201 BTC per 1,000 shares, up from 0.0161 at the end of June.
And while they’re not a household name yet outside of Asia, they’re one of the most aggressive Bitcoin hoarders on the continent. Their strategy’s giving big MicroStrategy vibes—only this time, it’s playing out in Tokyo, not Washington D.C.
