Metaplanet buys 555 Bitcoin for $53 million to reach 5,555 BTC

Japan’s Metaplanet announced it purchased 555 Bitcoin (CRYPTO:BTC) for $53.4 million, bringing its total holdings to 5,555 BTC worth over $536 million at current prices.

The Tokyo-listed company disclosed the acquisition on May 7, with an average purchase price of $96,134 per Bitcoin.

Metaplanet’s CEO Simon Gerovich said the firm has spent $481.5 million acquiring Bitcoin at an average price of $86,672 per BTC.

To support its Bitcoin accumulation strategy, the company issued $25 million in zero-coupon ordinary bonds.

Since early 2024, Metaplanet has raised more than 35 billion yen, approximately $244 million, through zero-coupon bonds and stock acquisition rights in partnership with Evo Fund.

The company’s proprietary performance indicator, BTC Yield, has shown strong growth, reaching 309.8% in the fourth quarter of 2024, 95.6% in the first quarter of 2025, and 21% in the current quarter.

“In Japanese, the number 5 is pronounced ‘Go,’ so today we’re shouting: Go go go go - to the moon and beyond!” Gerovich commented on the milestone.

On May 1, Metaplanet announced plans to establish a US subsidiary, Metaplanet Treasury, based in Florida.

The subsidiary aims to raise up to $250 million to expand its Bitcoin strategy and access US capital markets.

According to BitcoinTreasuries.NET, Metaplanet is Asia’s largest public corporate Bitcoin holder and ranks 11th globally.

Earlier in April, the company acquired 696 BTC for about $67 million, followed by 330 BTC for $28.2 million, increasing its holdings to 4,855 BTC.

On April 24, it purchased an additional 145 BTC for $13.4 million, reaching 5,000 BTC.

Following these announcements, Metaplanet’s shares rose 11% on the Tokyo exchange by midday, based on Google Finance data.

At the time of reporting, the Bitcoin (BTC) price was $97,835.84.