Japanese investment firm Metaplanet has strengthened its Bitcoin reserves with a $6.6 million acquisition, bringing its total holdings to 2,100 BTC. The Tokyo-based firm announced on February 20 that it purchased 68.59 BTC at an average price of 14.53 million yen per BTC. This latest addition represents approximately 0.01% of the total Bitcoin supply.
Expanding Bitcoin Strategy and Future Goals
Metaplanet began its Bitcoin strategy on April 8, 2024, with ambitious targets to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. With this latest purchase, the firm has completed approximately 2.38% of its “21 Million Plan,” under which it issued 21 million shares of 0% discount stock acquisition rights to EVO FUND.
In addition to expanding its Bitcoin reserves, Metaplanet tracks BTC Yield, a metric assessing changes in BTC holdings relative to its fully diluted shares. The firm reported a 41.7% BTC Yield for Q3 2024, which surged to 309.8% in Q4 2024, highlighting its aggressive accumulation strategy.
Stock Performance and Market Reaction
Following the announcement, Metaplanet’s shares climbed 1.79% on the over-the-counter market. However, earlier in February, its shares dropped over 8% after the company implemented a 10-for-1 stock split to improve liquidity. The move followed an August 2024 reverse split that consolidated 10 shares into one, aimed at stabilizing its stock price after a sharp rally.
Despite short-term fluctuations, Metaplanet has established itself as Japan’s top-performing stock, surging 3,600% since pivoting to a Bitcoin-focused strategy. The company’s aggressive BTC accumulation and long-term vision suggest it remains committed to increasing its exposure to the leading cryptocurrency.
Metaplanet’s latest Bitcoin purchase underscores its commitment to growing its BTC reserves, with a long-term goal of amassing 21,000 BTC by 2026. As Japan’s top-performing stock, the firm’s bold Bitcoin strategy continues to attract attention, positioning it as a key player in institutional Bitcoin adoption.
