Japanese Investment Company Metaplanet Announces Bitcoin Acquisition
On Wednesday, Japanese investment company Metaplanet announced that it has spent 1.998 billion yen (approximately 13.35 million USD) to increase its holdings by 160 bitcoins, as part of its “Bitcoin Financial Operations” strategy, with an average purchase price of 12,489,609 yen (approximately 83,442 USD).
As of April 2, Metaplanet holds a total of 4,206 bitcoins, with an average purchase price of 12,925,927 yen (approximately 86,357 USD). Based on the current bitcoin price of about 84,350 USD, the total value of these assets is approximately 354 million USD.
Prior to this latest acquisition, Metaplanet announced its performance in the bitcoin revenue business for the first quarter of 2025 yesterday, revealing that it had increased its holdings by 696 bitcoins through the revenue generated from this business. According to the announcement, the company earned approximately 770 million yen in operating income in the first quarter by executing a systematic strategy—selling cash-secured bitcoin puts.
Metaplanet’s stock price fell by 1.22% on Wednesday, closing at 404 yen.
Transformation and Future Plans
Originally, Metaplanet was a company focused on developing Web3 and metaverse technologies while operating in the hotel industry. It later transitioned in April 2024 to become a bitcoin financial enterprise, adopting bitcoin as its core financial reserve asset to hedge against Japan’s debt burden and the resulting fluctuations in the yen. In January this year, Metaplanet CEO Simon Gerovich stated that the company aims to expand its bitcoin holdings to 10,000 BTC by 2025.
According to previous reports from Zombit, Metaplanet announced the establishment of a strategic advisory committee last month and appointed Eric Trump, the second son of former U.S. President Donald Trump and executive vice president of the Trump Organization.
