Metaplanet Inc. has expanded its Bitcoin holdings by acquiring an additional 1,111 BTC, elevating its total reserves to 11,111 BTC valued at approximately 17.26 billion yen ($108 million). This acquisition accelerates the company’s strategic initiative to accumulate 210,000 BTC by 2027, equivalent to 1% of Bitcoin’s total supply.
The firm has set revised interim targets of 30,000 BTC by end-2025 and 100,000 BTC by 2026. To fund these purchases, Metaplanet utilizes convertible bonds and stock warrants, with its shares surging over 1,600% during the past twelve months.
Metaplanet shares currently trade at a substantial premium, implying implied Bitcoin valuations between ¥93-118 million ($596,000-$759,000) per coin. CEO Simon Gerovich positions the company as a tax-advantaged gateway for Japanese investors seeking regulated Bitcoin exposure through Japan’s compliance framework.
The company tracks performance via its proprietary BTC Yield metric, reporting 107.9% growth for the quarter – measuring Bitcoin appreciation against fully diluted shares. Industry analysts caution that this aggressive accumulation strategy, often termed ‘Saylor copycat’ behavior, may pressure market liquidity and investor confidence.