Metaplanet Expands Bitcoin Holdings to 1,761.98 BTC Following $60.70 Million Investment

Metaplanet, a Japanese investment firm, has made another major addition to its Bitcoin holdings, purchasing 619.70 BTC for 9.5 billion yen (Approximately $60.70 Million) . Following this acquisition, the company’s total Bitcoin holdings have now reached 1,761.98 BTC.

The average purchase price for the latest transaction was 15,330,073 yen per Bitcoin. With this move, Metaplanet’s total investment in Bitcoin now amounts to 20.872 billion yen, with an average purchase price of 11,846,002 yen per Bitcoin.

This move further strengthens Metaplanet’s position as a major player in the cryptocurrency space. Metaplanet said that the Company has strategically grown its total Bitcoin holdings through capital market activities and purchases funded by operating revenues.

Metaplanet took to its official X handle and shared a statement regarding the recent purchase. They also addressed recent speculations regarding its Bitcoin Treasury business. The company clarified that it has not issued convertible bonds in connection with its Bitcoin holdings. However, Metaplanet added that, as outlined in its “Notice Regarding the Launch of the Bitcoin Treasury Business” dated December 18, 2024, the firm may consider using bonds convertible into common stock as part of its fundraising strategy in the future.

Additionally, Metaplanet explained that the fully diluted number of shares issued refers to the total number of common shares currently issued, plus any potential shares that could result from the exercise of all outstanding stock options and stock acquisition rights. The company also noted that the fully diluted number does not account for vesting conditions or the exercise price of stock options.

“We intend to measure the performance of our strategy to acquire Bitcoin in a manner that we believe will benefit our shareholders,” the statement read.

Metaplanet has been compared to MicroStrategy due to its frequent Bitcoin purchases. The firm has been increasing its Bitcoin reserves since May 2024 as a strategy to mitigate economic challenges in Japan, particularly those affecting the yen.