Tokyo-based Metaplanet Inc. announced on July 28, 2025, the acquisition of 780 Bitcoin (BTC) at an average price of $119,136 per coin, totaling a $92.93 million investment. This purchase elevates Metaplanet's total BTC holdings to 17,132 BTC, cementing its status as Asia's largest corporate Bitcoin holder and advancing its strategic '555 Million Plan' objectives.
According to Tokyo Stock Exchange filings, the company funded this acquisition through capital market activities, including bond redemptions totaling $86.7 million from its 19th bond series and share issuances via stock acquisition rights programs. This aggressive accumulation strategy has expanded Metaplanet's BTC position by over 13,000 coins in just three months, though it has simultaneously increased fully diluted shares outstanding to nearly 866 million.
CEO Simon Gerovich emphasized the move "solidifies our vision to build Asia's strongest Bitcoin balance sheet," highlighting institutional confidence in BTC as a long-term store of value. The company's custom metrics reveal a 129.4% BTC Yield in Q2 2025, translating to ¥52.5 billion ($357 million) in hypothetical yen gains during July alone. Metaplanet's average purchase price across all holdings now stands at $100,504 per BTC, up from $87,992 in March.
Investor interest has surged alongside these developments, with June trading volume on the Tokyo Stock Exchange nearly doubling to $12.65 billion. While Metaplanet acknowledges its Bitcoin-focused KPIs aren't substitutes for traditional financial metrics, the firm maintains they demonstrate successful growth in "Bitcoin per share" – a metric it believes will appeal to long-term investors despite ongoing share dilution and absence of dividends.