Metaplanet, the Tokyo-listed Bitcoin-centric firm, has officially surpassed 10,000 BTC in holdings, reaching its year-end 2025 target a full six months ahead of schedule. The milestone was disclosed on June 16 following the company’s purchase of 1,112 additional BTC, valued at approximately 16.88 billion yen (\$110 million), at an average price of 15.18 million yen per BTC (around \$105,000).
Strategic Milestone and Bold Treasury Expansion
This latest acquisition brings Metaplanet’s total Bitcoin holdings to exactly 10,000 BTC, solidifying its status as Asia’s largest corporate Bitcoin holder and the eighth-largest globally. The purchase was funded through a new \$210 million bond issuance to EVO Fund, also announced on June 16. The zero-interest bonds are set to mature in December 2025 but come with early redemption options.
“We’ve hit our 2025 goal early and we’re not slowing down,” a spokesperson said. “This marks a critical step in our aggressive accumulation strategy.”
The company emphasized that the entire bond raise will be used exclusively for Bitcoin acquisition, aligning with its focused and transparent BTC treasury approach. While management expects minimal impact on full-year earnings, they pledged to update the market should this outlook change.
From 21K to 100K A Radical Accumulation Upgrade
Initially targeting 21,000 BTC by 2026 as part of its “21 Million Plan,” Metaplanet revised its strategy this June with significantly more ambitious goals: 100,000 BTC by end-2026 and 210,000 BTC by 2027—a symbolic 1% of Bitcoin’s total fixed supply.
To track internal progress, the company utilizes performance metrics like BTC Yield, which measures the amount of Bitcoin held per fully diluted share. This indicator reflects both BTC acquisition and share issuance. As of June 16, the quarterly BTC Yield stood at 87.2%, with previous quarters seeing exponential growth 309.8% in Q4 2024 alone.
EVO Fund Partnership and Capital Strategy
To fund its expansion, Metaplanet has tapped into both bond markets and equity financing. In January, it granted EVO Fund 21 million new share rights across five tranches, each with flexible pricing and no discounts, underscoring investor confidence and strategic alignment.
The partnership with EVO Fund has been central to Metaplanet’s treasury playbook, enabling it to scale rapidly without taking on costly debt or diluting existing shareholders unfairly.
By hitting the 10,000 BTC milestone early and setting its sights on a nine-figure Bitcoin treasury, Metaplanet is redefining corporate Bitcoin strategy in Asia. With bold targets, strategic partnerships, and a clear roadmap, the company appears determined to carve out its place not just in the region but in Bitcoin’s long-term financial history.
