In a bold move that underscores the growing institutional appetite for Bitcoin, Japanese Bitcoin treasury firm Metaplanet has acquired an additional 1,005 BTC for approximately $108 million, surpassing mining company Cleanspark to become the fifth-largest corporate holder of Bitcoin globally. This strategic acquisition not only expands Metaplanet’s digital asset reserves but also signals a broader shift in how companies are redefining their balance sheets in the era of decentralized finance.
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Metaplanet Rises as a Top Bitcoin Corporate Holder
With this latest purchase, Metaplanet now holds a total of 13,350 BTC, acquired at an average cost of $97,832 per coin**, amounting to a total investment of about **$1.31 billion. At current market valuations, the company’s Bitcoin holdings are worth over $1.45 billion, reflecting significant unrealized gains and reinforcing confidence in long-term digital asset appreciation.
According to data from BiTBO, Cleanspark—previously ranked fifth—currently holds 12,502 BTC, placing it just behind Metaplanet. The Japanese firm has now overtaken major names including Tesla, Hut 8, Coinbase, and Block Inc. in terms of total BTC holdings. It ranks behind only Strategy (formerly MicroStrategy), Marathon Digital, Twenty One Capital, and Riot Platforms.
Simon Gerovich, CEO of Metaplanet, confirmed that the newly acquired Bitcoin was purchased at an average price of $107,601 per BTC. Since the beginning of 2025, the company's Bitcoin investment portfolio has delivered a staggering 349% return, showcasing the power of consistent accumulation during volatile market phases.
This rapid ascent highlights Metaplanet’s aggressive yet calculated strategy to position itself as a core player in the global Bitcoin ecosystem—not through mining or trading, but through long-term ownership and treasury diversification.
Strategic Funding: Zero-Coupon Bonds Fuel Bitcoin Accumulation
The recent Bitcoin acquisition follows Metaplanet’s announcement of a major refinancing initiative aimed at accelerating its digital asset growth. The company issued 30 billion JPY (approximately $208 million) in zero-interest unsecured bonds through its EVO fund. These zero-coupon bonds carry no periodic interest payments, effectively providing low-cost capital to finance further Bitcoin purchases.
A portion of the proceeds—1.75 billion JPY (~$12 million)—will be used to repurchase and cancel existing third-series bonds with a 0.36% annual interest rate. By retiring higher-cost debt and replacing it with zero-interest financing, Metaplanet strengthens its cash flow position while minimizing financial liabilities.
As disclosed in regulatory filings:
“Proceeds from the new bond issuance will be partially used for the repurchase and cancellation of existing bonds, with the remainder allocated toward purchasing additional Bitcoin.”
This financial engineering exemplifies how modern firms are leveraging traditional capital markets to fuel innovation in digital asset strategy. Rather than relying solely on equity raises or operating income, Metaplanet is using smart debt structuring to compound its Bitcoin reserves without diluting shareholders.
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Aggressive Growth Targets Drive Investor Confidence
Metaplanet’s ambitions extend far beyond its current holdings. Earlier this month, the company revised its Bitcoin reserve targets upward, increasing its 2026 goal from 21,000 BTC to 100,000 BTC. Furthermore, it announced plans to raise up to $5.4 billion in capital to support a vision of holding 210,000 BTC by 2027.
If achieved, this would make Metaplanet the second-largest corporate Bitcoin holder in the world—second only to Strategy, which currently leads the pack with over 450,000 BTC.
Such bold projections have resonated strongly with investors. On Monday, Metaplanet’s stock surged 9% on Japan’s Tokyo Stock Exchange. According to financial data platforms, the company’s shares have appreciated more than 350% since the start of 2025, outpacing most technology and financial sector peers.
This rally reflects not just optimism around Bitcoin’s price trajectory but also growing recognition of Metaplanet’s disciplined execution and transparent communication strategy. In an environment where many firms make grand claims without follow-through, Metaplanet stands out for turning vision into measurable action.
Michael Saylor’s Influence and Market Sentiment
The timing of Metaplanet’s move coincides with renewed signals from Michael Saylor, founder of Strategy, who continues to influence global corporate Bitcoin adoption. In his weekly social media update, Saylor shared a post captioned:
“21 years from now, you’ll wish you had bought more.”
While not confirming a specific purchase, Saylor’s messaging has historically preceded large-scale acquisitions by Strategy. His philosophy of treating Bitcoin as a treasury reserve asset has inspired a wave of copycat strategies among public and private firms alike.
Simon Gerovich responded directly to Saylor’s post:
“We’re buying every day. But I know one thing—we’ll still look back and wish we’d moved faster.”
This sentiment captures the urgency felt by many institutional players today: in a world where monetary expansion and fiscal deficits continue to rise, hard assets like Bitcoin are increasingly seen as essential hedges.
Frequently Asked Questions (FAQ)
Q: What is Metaplanet’s current Bitcoin holding?
A: As of the latest update, Metaplanet holds 13,350 BTC, making it the fifth-largest corporate holder globally.
Q: How does Metaplanet fund its Bitcoin purchases?
A: The company uses innovative financing tools such as zero-interest bonds to raise capital without diluting equity or paying interest expenses.
Q: What is Metaplanet’s long-term Bitcoin target?
A: The company aims to hold 100,000 BTC by 2026, with a longer-term goal of accumulating 210,000 BTC by 2027.
Q: Why are companies like Metaplanet buying Bitcoin?
A: Corporations are adopting Bitcoin as a long-term store of value to protect against inflation, currency devaluation, and macroeconomic uncertainty.
Q: Has Metaplanet outperformed other Bitcoin-focused firms?
A: Yes—its investment strategy has generated a 349% return so far in 2025, significantly outperforming many traditional assets and tech stocks.
Q: Is Metaplanet a mining company?
A: No. Unlike Marathon or Riot Platforms, Metaplanet does not mine Bitcoin. Instead, it focuses on direct acquisition and treasury management.
The Bigger Picture: Corporate Bitcoin Adoption Accelerates
Metaplanet’s rise is not an isolated event—it reflects a broader trend of corporations integrating Bitcoin into their core financial strategies. Driven by macroeconomic instability, low interest rates, and increasing regulatory clarity, firms worldwide are re-evaluating what constitutes sound money.
Japan, in particular, has emerged as a supportive jurisdiction for digital asset innovation. Favorable tax treatments, clear regulatory frameworks, and strong institutional interest have created fertile ground for companies like Metaplanet to thrive.
As more balance sheets begin to reflect Bitcoin ownership, we may witness a fundamental shift in corporate finance—one where digital scarcity rivals physical scarcity in value preservation.
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