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Japanese Bitcoin Treasury Firm Metaplanet Achieves 108.3% BTC Yield in 2025
Metaplanet, a Tokyo-listed Bitcoin treasury company, has reported an impressive BTC Yield of 108.3% year-to-date in 2025. The firm, led by CEO Simon Gerovich, now holds 4,525 BTC valued at approximately $386.3 million, with an average acquisition cost of $85,366 per Bitcoin.
Recent Bitcoin Purchases Strengthen Holdings
Metaplanet’s latest acquisition included 319 BTC purchased for ¥3.78 billion (around $26.3 million), at an average price of ¥11.85 million (~$82,549) per Bitcoin. This purchase aligns with its long-term strategy of aggressive Bitcoin accumulation, aiming to hold over 10,000 BTC by the end of 2025 and ultimately reach 21,000 BTC by 2026.
Measuring Performance Through BTC Yield
To assess the effectiveness of its treasury strategy, Metaplanet relies on BTC Yield, a metric that tracks the growth of its Bitcoin holdings relative to its fully diluted share count. The metric saw a substantial surge of 309.8% in Q4 2024 and 95.6% in Q1 2025. These figures demonstrate the company’s strong performance in managing its Bitcoin treasury.
Strategic Fundraising Initiatives
To support its ambitious accumulation goals, Metaplanet has been actively raising funds through a combination of equity and debt. This includes zero-coupon bond issuances and stock acquisition rights under its “210 Million Plan.” Since January, the company has issued 21 million shares across five tranches, raising significant capital to fuel its growth.
Most recently, Metaplanet exercised 8.6 million and 4.2 million shares under its 14th and 17th stock rights series, generating over ¥35 billion. This accounts for roughly 42% of the planned 21 million share issuance.
Early Bond Redemptions Demonstrate Financial Stability
Metaplanet has also showcased its financial discipline by completing early redemptions on several bond tranches. Notably, its 9th Series issuance, originally maturing in September 2025, was fully repaid ahead of schedule using proceeds from EVO FUND’s exercise of stock rights.
Upcoming Funding Plans
In March, the company announced plans to raise ¥2 billion ($13.3 million) through its 10th Series of Ordinary Bonds. This move further reinforces its commitment to expanding its Bitcoin treasury while maintaining a strong financial position.
Largest Bitcoin Holder in Asia
According to recent data, Metaplanet is currently the largest corporate holder of Bitcoin in Asia. Globally, however, the U.S.-based firm Strategy remains the largest corporate holder, with a staggering 528,185 BTC valued at approximately $44.5 billion. Despite their significant holdings, Strategy recently indicated potential challenges in maintaining their Bitcoin stash due to financial obligations.
“Metaplanet’s strategic approach to Bitcoin accumulation positions it as a key player in the cryptocurrency treasury space, particularly in Asia.”
For readers interested in cryptocurrency investing and financial strategies, Metaplanet’s success story highlights the potential of Bitcoin as a treasury asset. As Bitcoin continues to gain traction globally, companies like Metaplanet are setting benchmarks for corporate adoption and strategic accumulation.
