Metaplanet Acquires 518 BTC in $61M Treasury Purchases

Metaplanet Inc., a Tokyo-listed investment firm, executed a purchase of 518 Bitcoin on August 12 as part of its ongoing treasury operations. The acquisition, carried out at an average price of $118,519 per BTC, increased the company’s total holdings to 18,113 BTC, valued at roughly $1.85 billion. The transaction was announced via a post on X and reflects Metaplanet’s strategy of using debt financing to accelerate its Bitcoin accumulation efforts.citeturn6view0

According to the update, Metaplanet’s BTC Yield—a proprietary metric measuring the impact of Bitcoin holdings relative to fully diluted shares—registered 26.5% for the period spanning July 1 to August 12. This metric, which stood at 41.7% in Q3 2024 and peaked at 309.8% by year-end, highlights the accretive effect of its Bitcoin purchase program on shareholder value. The firm’s approach mirrors similar strategies deployed by other corporate treasuries seeking a hedge against macroeconomic uncertainty.

Metaplanet financed this latest purchase through the issuance of 9.5 billion yen in zero-coupon perpetual preferred shares, a structure designed to provide interest-free capital for digital asset acquisitions. The company aims to expand its treasury to at least 21,000 BTC by 2026, bolstered by future funding rounds of up to ¥55.5 billion. Observers note that such corporate accumulation serves as a barometer of institutional confidence in Bitcoin’s role as a store of value and diversifier amid persistent inflationary pressures.

Market reaction to the announcement was muted, with Metaplanet’s share price falling 2.7% to 975 yen on the Tokyo Stock Exchange, reflecting profit-taking in response to a high valuation multiple. On-chain data point to increasing demand for Bitcoin at these price levels, with net outflows from custodial wallets rising by 3,400 BTC in the preceding 24 hours. Analysts suggest that the scale of Metaplanet’s reserves—now the sixth-largest corporate stash—positions the firm as a significant participant in the emerging digital asset treasury sector.

Looking forward, Metaplanet plans to leverage its investment to support shareholder returns via potential buybacks and enhanced balance sheet strength. Ongoing monitoring of Bitcoin volatility, funding rates, and institutional inflows will be critical to assessing the sustainability of its accumulation strategy. The firm’s performance metrics and financing structure will likely inform peer companies considering similar corporate treasury models in the evolving digital finance landscape.