Metaplanet’s Bitcoin total holdings surpass 1k with latest $10.4m purchase

Tokyo-listed Metaplanet, a Japan-based early-stage investment firm, has significantly increased its Bitcoin (BTC) holdings to over 1,000 BTC (approximately $67.8 million) as part of its ongoing Bitcoin acquisition strategy.

On October 28, Metaplanet announced in an X post that it had acquired 156.7 BTC for about 1.6 billion yen (approximately $10.4 million), bringing its total holdings to 1,018 BTC. This move marks the latest step in the firm’s recent spree of Bitcoin purchases.

Metaplanet, the Tokyo-listed early-stage investment firm, has reported impressive growth in its Bitcoin holdings and performance. From July 1 to September 30, the firm’s yield stood at 41.7%, but from October 1 to October 28, it surged to 155.8%. Following this news, Metaplanet’s shares jumped by 7.46%, reaching 1,153 yen—a 13.4% increase over the past month and a remarkable 578.2% rise year-to-date.

The firm’s recent Bitcoin acquisition comes shortly after adopting “BTC Yield” as a key performance indicator (KPI) to track the success of its Bitcoin strategy. This metric, inspired by MicroStrategy’s approach, measures the percentage growth in Bitcoin holdings relative to the company’s fully diluted shares outstanding, providing greater transparency about its ongoing Bitcoin acquisition efforts.

Earlier this year, Metaplanet embraced Bitcoin as a reserve asset as part of its strategy to diversify amid Japan’s economic challenges, including the depreciation of the yen. This decision follows the Bank of Japan’s move to raise its benchmark interest rate to 0.25% in a bid to stabilize the yen, reinforcing Metaplanet’s decision to increase its crypto investments.