Japanese investment company Metaplanet has acquired 162 Bitcoin (BTC), increasing its total holdings to 3,050 BTC, valued at nearly $250 million.
The acquisition cost the firm $13.5 million at an average price of $83,123 per Bitcoin, achieving a year-to-date Bitcoin yield of 53.2%. This purchase is part of its ongoing strategy to strengthen its Bitcoin Treasury Operation.
For the first time, Metaplanet’s Bitcoin Treasury has exceeded 3,000 BTC. Dubbed the “Asian MicroStrategy” (now rebranded as Strategy), the company has been steadily increasing its Bitcoin holdings since April 2024.
According to Simon Gerovich, CEO of Metaplanet, people tend to look only at the short-term, wanting to make what appears to be an easy profit from the next big cryptocurrency, without confronting the long-term value of Bitcoin.
“Everybody is trying to find a shiny new coin,” Gerovich said, “because people want to buy something that is capable of 100X gains overnight.”
He cautioned that there is no “next Bitcoin” and said he becomes very worried that the next time he thinks about Bitcoin, he sees that time is running out.
Gerovich expressed these views in an interview on the Coin Stories Podcast hosted by Natalie Brunell.
Bitcoin climbs 2% but struggles to recover from recent decline
At press time, Bitcoin has risen over 2% in the past 24 hours. However, it has yet to recover from its earlier decline, which pulled its price down from the $90,000 high. Currently trading at $81,665, the largest cryptocurrency by market cap has dropped 6.4% over the past week and nearly 16% in the last month.
In Q4 2024, Metaplanet’s BTC Yield, which measures the amount of Bitcoin held per share, hit an all-time high of 309.8%. The company reported a 53.2% BTC Yield growth for the first quarter of January 1 to March 12, 2025.
Since initiating its Bitcoin purchases in 2024, Metaplanet has been steadily increasing its Bitcoin holdings by taking advantage of Japan’s low interest rates.
This borrowing strategy, similar to Strategy’s approach, has allowed the company to grow its Bitcoin reserves efficiently.
Metaplanet’s stock has surged over 3,000%, making it Japan’s top-performing stock. On March 12, the company’s stock went up by 8.6% or 290 points to $3,630.
Metaplanet raises ¥2 billion in zero-interest bonds to fuel Bitcoin expansion
On the same day as its latest Bitcoin acquisition, Metaplanet announced the issuance of ¥2 billion ($13.3 million) in zero-interest bonds to expand its BTC holdings.
Metaplanet’s Board of Directors approved the issuance of its 8th series of ordinary bonds and raised the funds through a third-party allotment to EVO FUND. Those zero-coupon bonds will mature on September 11, 2025.
According to its disclosure on January 28, 2025, Metaplanet intends to redeem them through proceeds from the exercise of its 14th to 17th series of stock acquisition rights. The offerings will go to its Bitcoin acquisition strategy.
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