Key Takeaways
- Metaplanet acquired 1,005 BTC for $108M, bringing its total holdings to 13,350 BTC.
- The company is now among the largest publicly listed Bitcoin holders worldwide.
- Metaplanet is funding its Bitcoin strategy through stock rights and zero-coupon bond issuances.
- The company’s stock rose over 10% Monday following its latest BTC and bond disclosure.
- MTPLF’s Technical chart shows renewed bullish momentum after rebounding from recent lows.
Metaplanet Inc., a Tokyo-listed investment firm, widely known for its Bitcoin-focused treasury strategy, said on Monday that it purchased 1,005 additional Bitcoin for ¥15.648 billion ($108 million), increasing its total holdings to 13,350 BTC.
This acquisition further advances Metaplanet’s rapid accumulation program, pushing it into the ranks of the world’s largest corporate Bitcoin holders. It now sits ahead of Tesla and CleanSpark, and just behind Riot Platforms and Galaxy Digital.
How Bitcoin Became Metaplanet’s Main Focus
According to the June 30 press release, Metaplanet began formally allocating Bitcoin as a core business focus in December 2024. Since then, it has shifted away from its traditional investment model and now maintains a balance sheet heavily concentrated in Bitcoin.
The company frames its strategy around building long-term Bitcoin exposure, with a focus on increasing holdings per share rather than pursuing near-term earnings.
Funding Strategy: How Metaplanet Finances Its Bitcoin Purchases
As the foundation of its aggressive Bitcoin acquisition strategy, Metaplanet has turned to capital markets, combining stock issuance with bond sales.
Since January 2025, the company has raised more than ¥35 billion through the full exercise of 210 million stock acquisition rights issued under its “21 Million Plan.” These rights, allocated to institutional investor EVO FUND, were fully subscribed.
In parallel, Metaplanet has issued a series of zero-coupon, non-interest-bearing bonds, now up to the 19th series. The proceeds have primarily been used to buy Bitcoin and refinance existing debt.
Additionally, on June 30, the company issued ¥30 billion in new bonds. Part of the funds were used to repurchase its 3rd Series guaranteed bonds, while the rest supported further Bitcoin accumulation.
What the Numbers Say About Metaplanet’s Bitcoin Strategy
According to the press release, Metaplanet uses custom key performance indicators, including BTC Yield, BTC Gain, and BTC ¥ Gain, to express shareholder value in Bitcoin terms. These metrics are designed to assess the effectiveness of capital deployment, particularly in relation to dilution and Bitcoin-per-share growth.
For the quarter ending June 30, the company reported a BTC Yield of 129.4%, meaning its Bitcoin per fully diluted share grew by more than double during the period.
The company also posted a BTC Gain of 5,237 BTC, and a yen-denominated equivalent gain of ¥81.8 billion, using a reference rate of ¥15.63 million per Bitcoin.
In simpler terms, the numbers show that Metaplanet has increased the amount of Bitcoin tied to each share, even after issuing more stock. This means shareholders now effectively hold more Bitcoin per share than they did last quarter.
However, the figures represent estimated gains, not actual profits. They don’t account for the company’s debt or the risk that Bitcoin prices could fall.
While the strategy has boosted Bitcoin exposure, it depends heavily on the cryptocurrency’s value staying high and on continued access to funding.
Metaplanet’s Rapid Growth in Bitcoin Holdings
Metaplanet’s (BTC) accumulation pace has accelerated sharply. From just 4,046 BTC at the end of March 2025, the company has more than tripled its holdings in under four months.
What the Stock Movement Says About Investor Sentiment
Metaplanet’s stock has been highly volatile in recent weeks. It climbed steadily through May and early June, peaking above ¥2,000 (around $12.75) in mid-June, before pulling back and stabilizing near ¥1,650 (roughly $10.50), marking a Monday session gain of over 10%.
The timing of these movements closely mirrors the company’s Bitcoin accumulation campaign. Major price gains occurred alongside large-scale Bitcoin purchases and capital raises, while the pullback aligned with a pause in disclosures.
The most recent rebound came just as the company announced its latest acquisition of 1,005 BTC and a new ¥30 billion bond issuance. The pattern suggests investor sentiment is strongly linked to the pace and scale of Metaplanet’s Bitcoin strategy.
A Quick Technical Look at Metaplanet’s Chart
Metaplanet’s U.S.-listed shares are showing renewed upward momentum after a sharp correction earlier in June, with both short- and medium-term indicators signaling a potential continuation of the rebound.
On the 1-hour chart, the price has recovered to $11.40, supported by a clear short-term uptrend and stronger buying pressure.
The RSI has climbed to 63, just below the overbought zone, indicating growing momentum but still with room to run.
The MACD has turned positive, and the histogram bars are rising, pointing to improving short-term sentiment. The setup suggests that bullish momentum is building, possibly in response to the company’s latest Bitcoin acquisition and capital activity.
On the daily chart, the price has bounced from a recent low near $10.00, posting a strong gain of over 10% on Monday.
The RSI sits near 60, recovering from a mid-June slide and showing early signs of a shift back toward bullish territory.
Although the MACD remains slightly negative, the gap is closing, and momentum may be turning.
A daily close above $11.50–$12.00 would mark a key breakout and potentially open the path to retest the previous high near $13.00.
The chart suggests buyers are stepping back in after the recent selloff, with sentiment improving alongside renewed corporate activity.
Continued strength in Bitcoin prices and investor confidence in Metaplanet’s capital strategy will likely determine whether the stock can extend its gains.
Conclusion
Metaplanet’s latest actions underscore the rising corporate interest in Bitcoin as a treasury asset, inflation hedge, and strategic reserve. With 13,350 BTC on its balance sheet, the company now ranks among the world’s largest publicly listed Bitcoin holders.
Its strategy, fueled by aggressive capital market activity and unconventional performance metrics, continues to attract investor interest while adding a layer of volatility.
As technical indicators point to renewed momentum, Metaplanet’s outlook remains closely tied to Bitcoin’s price path and its own ability to execute. For now, the company stands as Asia’s boldest example of corporate Bitcoin adoption.
Read More: Market Digest: BTC Touches 108K amid stable geopolitics and shifting monetary policies
