Japanese investment powerhouse, Metaplanet, has expanded its bitcoin portfolio, adding another $12.5 million to its BTC holdings, and has revealed plans to leverage bond issuance to acquire more of the leading cryptocurrency. This Tokyo-based firm announced on Tuesday that it has purchased an extra 150 BTC, at an average cost of $83,508 per bitcoin, bringing its total investment to approximately $12.5 million.
The most recent acquisition has raised the firm’s total BTC holdings to 3,200, costing an estimated $266.2 million, as disclosed by Metaplanet CEO Simon Gerovich. With the current market rates, the company’s 3,200 BTC is valued at around $265.9 million.
Simultaneously, Metaplanet has generated 2 billion yen, equivalent to $13.3 million, through a bond issuance with the aim of procuring more bitcoin. Since adopting a bitcoin accumulation strategy in April 2024, Metaplanet has been aggressively purchasing bitcoin with a target of holding 10,000 BTC by the close of 2025 and 21,000 BTC by the end of 2026.
Despite Metaplanet’s stock seeing a slight dip of 0.49% at 4,030 yen on Tuesday in Japan, it has gained 15.8% year-to-date and has seen a massive rise of 1,819% over the past year, according to Yahoo Finance. Meanwhile, Bitcoin was trading down 0.2% at $83,116 at the time of publishing, according to The Block’s price page.
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