Metaplanet shares jump 73% after $26M Bitcoin buy

Tokyo-listed investment firm Metaplanet has announced the acquisition of 269 Bitcoin (CRYPTO:BTC) worth ¥4 billion (approximately $26 million), increasing its total holdings to 2,031 BTC.

Following this announcement, the company's stock has experienced a year-to-date increase of 73%, primarily attributed to its strategy focused on Bitcoin investments.

At current market rates, Metaplanet's Bitcoin holdings are valued at about $196 million.

The average purchase price for the newly acquired Bitcoin was approximately $80,700 each.

This latest acquisition has led to an overall increase in the value of Metaplanet's Bitcoin investments by around 16%.

According to Bitcoin Treasuries data, Metaplanet is now ranked as the 14th largest public company globally in terms of Bitcoin holdings and is second in Asia, behind China's Boyaa Interactive, which holds 3,183 BTC.

The firm reported that its BTC Yield, a key performance indicator for its Bitcoin acquisition strategy, reached 41% from July to September 2024.

This yield surged to 309% in the fourth quarter of 2024 and currently stands at approximately 15% for the quarter to date as of February 17, 2025.

To finance its recent purchase, Metaplanet secured ¥4 billion through a zero-coupon bond issuance and has approved the issuance of 21 million shares via Stock Acquisition Rights.

Metaplanet is pursuing an aggressive strategy aimed at acquiring a total of 21,000 BTC by 2026.

The company’s commitment to increasing its Bitcoin holdings reflects a broader trend among firms looking to capitalise on cryptocurrency investments.

At the time of reporting, the Bitcoin (BTC) price was $96,078.15.