Key Insights:
- Metaplanet now holds 15,555 BTC worth over ¥225 billion.
- Latest 2,205 BTC buy cost ¥30 billion in early July.
- BTC per share jumped to 0.0185910 as accumulation continues.
Metaplanet has added 2,205 BTC worth ¥30B to its treasury, raising its holdings to 15,555 BTC. The firm’s BTC per share climbed to 0.0185910 as it continues its aggressive Bitcoin accumulation strategy through equity and bond conversions.
Metaplanet Extends Bitcoin Treasury With ¥30 Billion July Purchase
Japanese investment firm Metaplanet Inc. has added another 2,205 Bitcoin (BTC) to its growing treasury, pushing its total holdings to 15,555 BTC as of July 7. The latest purchase, valued at ¥30 billion (roughly $238.7 million), was confirmed through its updated corporate Bitcoin holding report and mirrored by posts on social media from the company and crypto community.
This acquisition followed consistent weekly purchases stretching back to Feb. 2025, as Metaplanet transitioned into what it called “Bitcoin Treasury Operations,” which formally began on Dec. 18, 2024. The total cost basis for its current stash stands at ¥225.818 billion, with an average purchase price of ¥14,517,416 per BTC.
The move underscores the company’s aggressive dollar-cost averaging strategy despite volatility in the broader crypto market.
BTC Per Share Hits New High Amid Share Dilution Metrics
According to the company’s updated investor metrics, Metaplanet’s Bitcoin per Fully Diluted Share Outstanding (FDSO) has surged to 0.0185910 BTC, the highest recorded in the disclosed period. This followed a steady rise from just 0.0008781 BTC at the start of March.
The company recorded 836,692,925 fully diluted shares as of July 7, up from 454,201,850 on March 1, reflecting the exercise of stock options and moving strike warrants. However, Metaplanet clarified that it aligns its dilution measurements with U.S. capital markets standards, ensuring that only shares actually issued post-exercise are counted.
“Moving strike warrants are only included after exercise to more accurately reflect shareholder dilution,” the company wrote in its latest investor report.
Metaplanet QTD Yield Slows But BTC Gains Still Notable
While Metaplanet’s Bitcoin accumulation continues, the pace of yield has cooled. The BTC yield for the quarter-to-date (QTD) dropped to 15.1% from 309.8% in April. In raw numbers, the company added 2,017 BTC in QTD terms, down from 5,237 BTC in the previous quarter.
Even so, the yen-denominated BTC gain for Q3 stood at ¥31.776 billion, calculated using a BTC/JPY reference rate of ¥15,756,060 based on the latest closing price from BitFlyer.
This value is well above the ¥927 million QTD gain posted during the early March phase, and signals continued upside despite the slower pace. The firm consistently applies the same BTC/JPY rate across all periods and ensures clean comparability across reporting windows.
Market Reactions Mixed Amid Broader Accumulation Trend
News of the latest 2,205 BTC acquisition spread quickly on social media, with Coinvo posting: “JUST IN: 🇯🇵 Metaplanet just bought another 2,205 $BTC for $238.7 million!”
Metaplanet’s official account also confirmed the development, stating, “Metaplanet Acquires Additional 2,205 $BTC, Total Holdings Reach 15,555 BTC.”
The announcement drew comparisons to U.S.-based MicroStrategy, which similarly pursued large-scale BTC accumulation as a balance sheet strategy. Some observers noted that Metaplanet’s aggressive positioning could reflect a shift in corporate treasury behavior within Asia’s financial markets.
Capital Activity Suggests Deeper BTC Commitment
Fresh capital maneuvers partly enabled the latest Bitcoin purchases. On July 4, Metaplanet redeemed JPY 6 billion worth of its 19th Series of Ordinary Bonds and reallocated JPY 30 billion from EVO FUND proceeds.
The company disclosed that this capital was raised through the exercise of the 20th through 22nd Series of Stock Acquisition Rights, finalized by June 30.
These actions, disclosed in the “Notice of Additional Purchase of Bitcoin” and follow-up investor updates, suggest that Metaplanet is repositioning itself around Bitcoin as a core treasury asset, diverging from traditional equity or debt instruments.
Bitcoin as Corporate Reserve: Still Early Days in Japan
Metaplanet’s Bitcoin buying spree marks one of the most assertive moves among Japanese public companies. With a yen-denominated cost basis exceeding ¥225 billion, the firm now ranks among Asia’s largest known BTC holders.
Its average purchase price—hovering around ¥14.5 million per BTC—places its strategy within the broader dollar-cost averaging playbook, similar to other treasury-focused Bitcoin firms.
Whether this model spreads in Japan remains to be seen. But Metaplanet appears determined to stay the course.
More information, including reference prices and BTC yield calculations, can be found on BitFlyer’s official site.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
