Metaplanet expands Bitcoin holdings with 775 BTC purchase

Metaplanet is not slowing down on its accumulation of Bitcoin, boosting its portfolio with fresh funds.

According to an August 18 disclosure, Metaplanet has purchased an additional 775 Bitcoin (BTC) for approximately $93 million. The acquisition was made at an average price of $120,006 per coin, bringing its total holdings to 18,888 BTC, worth $1.94 billion at current prices.

The latest acquisition contributes to a year-to-date BTC Yield of 480%, with the most recent quarter-to-date yield at 29.3%. Metaplanet uses the BTC Yield metric as a performance indicator for assessing shareholder accretion, measuring Bitcoin per fully diluted share growth over time.

Commenting on the latest purchase, CEO Simon Gerovich reiterated that the company remains committed to its Bitcoin strategy, hinting at more purchases ahead.

“18,888 BTC. Onward and upward,” he wrote in an X post. 

With an ambitious target to eventually control 1% of BTC’s total supply by acquiring 210,000 BTC by 2027, Metaplanet has been ramping up its accumulation throughout 2025.

So far in Q3 alone, the company has bought around 5,556 BTC, largely funded through a mix of equity issuance, debt financing, and proceeds from the exercise of stock acquisition rights.

Metaplanet is also laying the groundwork for far larger acquisitions. Earlier this month, it filed plans to raise 555 billion yen ($3.8 billion) by issuing two classes of Bitcoin-backed preferred shares over the next two years. 

In the near term, the company aims to hold 30,000 BTC by year-end 2025. and 100,000 BTC by 2026. With its latest purchase, Metaplanet now sits 11,112 BTC away from this year’s target. To close the gap over the next six months, the firm will need to stay committed to or step up its current accumulation pace, as it pushes toward its bigger 210,000 BTC ambition.

Meanwhile, Bitcoin has been under pressure in recent days. Trading at $115,436 at press time, the asset is down about 2.3% over the past 24 hours and 5.4% on the week, as it continues to cool off from last week’s surge to a new all-time high above $124,000.