Metaplanet Inc. has introduced the acquisition of 1,111 extra Bitcoin, bringing its complete holdings to 11,111 BTC.
The Tokyo-listed agency disclosed the acquisition in a June 23 submitting, noting a complete spend of 17.26 billion yen, about $108 million. The most recent buy was made at roughly 15.54 yen, or roughly $97,000, per Bitcoin (BTC).
The acquisition deepens the agency’s aggressive treasury technique, which goals to build up 210,000 BTC, equal to 1% of Bitcoin’s complete provide, by the top of 2027. This buy comes only a week after surpassing its 2025 goal of 10,000 BTC, reflecting a pointy acceleration in buying exercise.
Metaplanet’s Bitcoin-to-share ratio, measured utilizing a customized efficiency indicator known as BTC Yield, has greater than doubled this quarter alone. The corporate reported a quarter-to-date Bitcoin Yield of 107.9% as of June 23, up from 95.6% in Q1.
The metric tracks Bitcoin progress relative to totally diluted shares, isolating the accretive affect of Bitcoin accumulation even amid fairness issuance.
Initially launched because the “21 Million Plan”, a nod to Bitcoin’s capped provide, Metaplanet’s technique was revised upward in June 2025. The corporate now targets 30,000 BTC by the top of 2025 and 100,000 by the top of 2026. CEO Simon Gerovich has described Bitcoin as a core strategic asset and sees Metaplanet as a tax-advantaged automobile for Japanese buyers to realize BTC publicity.
The corporate has funded its Bitcoin acquisitions primarily by means of convertible bonds and inventory warrants. On the identical day because the BTC buy announcement, it revealed that it had accomplished a 558.7 million yen allotment to EVO FUND by means of new inventory acquisition rights.
Whereas Metaplanet’s technique has drawn comparisons to Technique, it has outpaced the U.S. agency in inventory efficiency. Its shares are up over 1,600 % prior to now 12 months. That surge, nonetheless, comes with dangers.
Metaplanet now trades at an implied Bitcoin value of ¥93 to ¥118 million, roughly $596,000 to $759,000 per coin, which means buyers are paying a steep premium over market worth for entry to its BTC treasury.
Some analysts warn that the fast rise of “Saylor copycats”, now totaling greater than 220 publicly traded corporations, might pose systemic dangers. In a current report, Coinbase known as the pattern a “attack of the clones” and warned that aggressive capital raises to buy Bitcoin might put stress on each markets and investor belief.