Japanese firm Metaplanet has announced the purchase of 319 BTC for $26 million amidst the chaos of the tariff war. In a recent release, the firm said it acquired Bitcoin for 3.78 billion Japanese Yen, worth $26 million at an average price of 11.85 million Yen (approximately $83,000) per BTC.
The acquisition now takes Metaplanet’s Bitcoin holdings to 4,525 BTC, which brings it closer to the 10,000 BTC target for 2025. Based on its holdings, the average price at which the company bought its BTC is 12.85 million Yen, around $90,000.
Despite holding its BTC at a loss, the company reported a 95.6% quarterly gain in its BTC yield for the first quarter of 2025 and claimed a 6.5% gain in the second quarter.
Bitcoin yield is a metric popularized by pioneer Bitcoin acquisition firm Strategy (formerly MicroStrategy). It measures the percentage change of the ratio between the company’s BTC holdings and its fully diluted shares outstanding.
This way, the company can tell the amount of BTC held for each share of its stock and the impact of its Bitcoin acquisition strategy on its share value. Interestingly, most of the companies using Bitcoin yield are in the green. Strategy yield is up 11% year to date, while Semlar Scientific reported a 21% yield between January and February 2025.
Meanwhile, the company is now the tenth largest public holder of Bitcoin, showing its aggressive accumulation since it adopted the Bitcoin standard last year. The Japanese firm has funded its acquisition using stock acquisition rights and bond issuance. It has already issued 21 million shares under its 210 million plan and raised over 35 billion Yen, which is around 42% of its planned issuance,
With the company acquiring more Bitcoin, it also targets the possibility of listing outside of Japan. Company CEO Simon Gerovich said he met with officials of the New York Stock Exchange and Nasdaq to make the company more accessible to investors.
Metaplanet stock MTPLF is already available to institutional investors via US-based over-the-counter (OTC) markets and currently trades around $2.80. The stock on the Tokyo Exchange is trading at 363 Yen.
Bitcoin shows resilience as it maintains price above $80k
Meanwhile, Metaplanet and other Bitcoin treasury companies will be watching the flagship asset performance with hopes that it will continue with the recent gains. After a period of volatility last week due to the retaliatory tariffs, Bitcoin has rebounded, gaining more than 12% in the past seven days.
The flagship asset appears to be maintaining its price above $84,000, with the potential for an increase. Crypto analyst Ali Martinez said that $86,000 is the key resistance level for the asset; if it breaks out, it could soar to $97,000. However, he noted that there is also a chance of BTC dropping to $79,000.
He said:
“Bitcoin may be forming a rising wedge, potentially signaling a retest of the $79,000 support level.”
Regardless of the price potential to swing either way, CryptoQuant analysts note that whales on Binance are not panicking because of the uncertainty. If anything, the ratio of Whales to exchange and their inflows has decreased, showing a pullback towards accumulation.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
