Metaplanet Climbs To $2B In Bitcoin Reserves With Fresh 463‑BTC Purchase

bitcoinistPublished on 2025-08-04Last updated on 2025-08-04

Abstract

Metaplanet has quietly added 463 more Bitcoin to its vault. The Tokyo-listed company made the purchase on August 4, lifting...

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Metaplanet has quietly added 463 more Bitcoin to its vault. The Tokyo-listed company made the purchase on August 4, lifting its total holdings to 17,595 BTC. It’s a clear sign that the firm is still all-in on its late-2024 shift to treat Bitcoin as a core business.

The latest haul cost about ¥7.995 billion (a little over $54 million), at an average price of ¥17.27 million ($117,420) per coin. At current rates, that stash is worth roughly ¥261 billion (about $1.78 billion)—though Metaplanet’s own math, which factors in recent price gains, values it closer to $2 billion.

Across every buy so far, the company’s average cost sits at ¥14.85 million ($101,010) per BTC, so it’s sitting on a nice paper gain for now.

Custom Metrics Spotlight Growth

Metaplanet tracks progress with its “BTC Yield” metric, which hit nearly 25% for the quarter ending August 4. That’s down from 129% last quarter, but still solidly in positive territory.

It also reports “BTC Gain” and “BTC ¥ Gain” to show how much value its Bitcoin stash has added for investors in both coins and yen.

BTCUSD trading at $114,523 on the 24-hour chart: TradingView

Big Capital-Raise Filing

This past Friday, Metaplanet filed to raise up to ¥555 billion ($3.6 billion) through new perpetual preferred stock.

The proposal includes upping its authorized share count to 2.72 billion and creating two classes of preferred shares with different risk and conversion terms.

The goal is simple: give the company more ways to pull in cash for future BTC buys.

Per-Share Accumulation Over Dividends

Since December 2024, Metaplanet has tapped equity offerings, bond redemptions and warrant exercises to fund its Bitcoin spree. A flurry of share issuances in July helped bankroll the recent 463-coin purchase.

 Illustration: Gwen P. Source: Shutterstock

Rather than chase dividends, Metaplanet focuses on per-share Bitcoin growth. As of early August, each 1,000 fully diluted shares represents 0.0201 BTC, up from 0.0161 at the end of June. That gradual lift shows how much more Bitcoin each share holds over time.

The approach mirrors Strategy’s bold bet on Bitcoin. If Metaplanet reaches its goal of 210,000 BTC by 2027, it’ll stand alongside corporate giants known for treating their balance sheets as long-term Bitcoin vehicles.

The payoff could be huge if prices keep climbing—but a sudden drop would sting its figures just as badly.

At the time of writing, Bitcoin was trading at $114,687, down 3.6% in the last seven days.

Featured image from UEEx, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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