Metaplanet Bitcoin Acquisition Spree Reaches Significant Milestone with Latest Purchase

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Metaplanet’s Bitcoin Acquisition Spree Reaches Significant Milestone, Latest Purchase Draws Attention
Metaplanet’s Bitcoin Acquisition Spree Reaches Significant Milestone, Latest Purchase Draws Attention
February 20, 2025


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Japan’s response to MicroStrategy has reached a key milestone in its Bitcoin acquisition strategy.
On Thursday, February 20, 2025, Metaplanet disclosed that it currently holds 2,100 BTC, which represents approximately 0.01% of the total Bitcoin supply. The achievement comes on the heels of the company’s recent purchase of 68.59 BTC for approximately $6.6 million at an average price of $96,335 per Bitcoin.
With this milestone reached, the company is just 42 BTC away from regaining its position as a top 15 corporate Bitcoin holder, according to BitBO data.
Interestingly, Metaplanet's stock price rose 2.78% to 6,290 yen, or about $42, on the news.
Looking back at the end of January 2025, Metaplanet stated that it planned to accumulate 10,000 bitcoins by the end of 2025 and 21,000 bitcoins by the end of 2026.
To achieve this goal, the company announced a "21 Million Plan" to issue 21 million convertible warrants at a 0% discount, raising approximately $745 million. At the time, the company claimed that the plan would be the largest capital raise ever conducted in the Asian stock market to purchase Bitcoin.
On Thursday, Metaplanet’s director of bitcoin strategy Dylan LeClair revealed that the firm had raised around $20 million in the first two days of launching its “Project 21 Million.”

Metaplanet has raised approximately $20 million in equity capital in the market in the first two trading days of its “21 Million Plan”, which aims to enhance its $BTC strategy. https://t.co/l0KnmmdmGC
— Dylan LeClair (@DylanLeClair_) February 20, 2025

Since launching its Bitcoin strategy in April 2024, Metaplanet’s share price has risen by more than 30,00%, making it the best performing stock in Japan during this period.
The increase comes as the company’s bitcoin strategy appears to be paying off for shareholders, further driving up demand. In the first quarter of 2024, its Bitcoin yield reached 309.8%, and it has achieved a yield of 18% so far (YTD).
Bitcoin yield is a concept proposed by Michael Saylor's MicroStrategy to measure the effectiveness of Bitcoin treasury strategies. It refers to the percentage change in the amount of Bitcoin a company holds relative to its total number of shares.

“Our mission is to maximize earnings per share of Bitcoin for shareholders. Bitcoin is more than just an asset; it’s an exit strategy. We are here to accumulate and lead, not sell,” Metaplanet’s Dylan LeClair emphasized in January 2025.

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