Japanese crypto investment firm Metaplanet has acquired an additional 150 bitcoin (BTC) for approximately $12.5 million, continuing its aggressive expansion into digital assets.
Notably, this latest purchase brings the company’s total holdings to 3,200 BTC, valued at approximately $269.3 million at current market prices.
According to Metaplanet’s March 18 announcement on X, the firm bought the BTC at an average price of $83,660 per token. The acquisition follows a recent purchase on March 12, when the company spent roughly $13.5 million to acquire 162 BTC.
Per the announcement, Metaplanet’s Bitcoin yield for the year has reached 60.8% as of March 18, reflecting a volatile but largely positive return on investment.
Bond Issuances to Fund Metaplanet’s Bitcoin Accumulation
To sustain its Bitcoin accumulation strategy, Metaplanet has issued its ninth series of zero-rate bonds, raising ¥2 billion ($13.4 million). This follows another ¥2 billion issuance on March 12, reinforcing the company’s commitment to increasing its Bitcoin reserves.
The newly issued bonds will mature on September 17, 2025, and are unsecured with no collateral, indicating a high-risk investment for bondholders. The firm’s announcement also highlighted that early redemption is possible, depending on funds generated through stock acquisition rights from the 14th to 17th series.
Metaplanet’s Long-Term Bitcoin Strategy
Despite fluctuations in Bitcoin yields, Metaplanet remains committed to its long-term investment strategy.
CEO Simon Gerovich previously outlined an ambitious goal of accumulating 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. This month alone, the firm has made four Bitcoin purchases, acquiring 965 BTC for approximately $83.3 million.
If Metaplanet maintains this pace of accumulation, it could significantly influence institutional Bitcoin adoption in Japan and beyond. The company’s strategy reflects a broader trend of corporate treasury diversification into digital assets, a movement led by firms such as Strategy and Tesla in previous years.
Metaplanet’s strategy could serve as a case study for other firms exploring Bitcoin as a treasury asset. However, the risks associated with unsecured bonds and Bitcoin’s price volatility remain significant factors for investors to consider.
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