Japanese investment firm Metaplanet has expanded its Bitcoin holdings with the purchase of 555 BTC more, spending approximately $53.4 million at an average price of $96,134 per coin. This acquisition raises the company’s total Bitcoin treasury to an impressive 5,555 BTC, valued at around $481.5 million. The move highlights Metaplanet’s relentless pursuit of its Bitcoin accumulation strategy, which kicked off in April 2024, as it aims to amass 10,000 BTC by the end of 2025.
Celebrating a Major Milestone: “Go Go Go — To the Moon and Beyond!”
CEO Simon Gerovich marked the occasion with a celebratory post on X , referencing the Japanese pronunciation of the number five—“Go”—and declaring:
This latest purchase brings Metaplanet more than halfway toward its ambitious target of holding 10,000 BTC. To sustain its aggressive buying strategy, the company announced the issuance of an additional $25 million in ordinary bonds, marking its 13th bond issuance. This follows a similar $25 million raise just a week earlier, showcasing the firm’s dedication to funding its Bitcoin expansion plans.
Expanding Globally and Aligning with Institutional Trends
In tandem with its Bitcoin-focused strategy, Metaplanet is broadening its international presence by establishing a wholly owned U.S. subsidiary in Miami, Florida, a rapidly growing hub for Bitcoin companies and fintech innovation. The new entity, Metaplanet Treasury Corp., will serve as a cornerstone for its U.S. operations, further solidifying its global footprint. According to researchers, Metaplanet is now the largest public corporate Bitcoin holder in Asia and ranks 11th globally, despite lagging behind MicroStrategy, which holds 555,450 BTC. Metaplanet’s rapid accumulation has drawn widespread attention from investors and analysts alike.
This expansion aligns with a broader trend of institutional interest in Bitcoin. Recently, Michael Saylor’s Strategy announced plans to double its capital-raising efforts to $84 billion to acquire more Bitcoin. The Virginia-based company filed to sell an additional $21 billion in common shares after exhausting a previous program of the same size authorized in October. It also doubled its debt issuance target from $21 billion to $42 billion, leaving $14.6 billion available under its current authorization. In the first quarter of the year, publicly traded companies increased their Bitcoin holdings by 16.1%, signaling sustained confidence in the leading cryptocurrency despite market volatility.
However, while private companies are doubling down on Bitcoin, the U.S. government appears hesitant to follow suit. BitMEX co-founder Arthur Hayes recently expressed skepticism about the U.S. building a “strategic Bitcoin reserve,” citing the country’s mounting national debt and cultural perceptions tied to Bitcoin investors. In a recent interview, Hayes noted that the U.S. already possesses nearly 200,000 BTC but is unlikely to significantly expand its holdings. This cautious approach contrasts sharply with the proactive strategies adopted by private firms like Metaplanet and MicroStrategy, highlighting the divide between public and private sector attitudes toward Bitcoin adoption.
Positive Market Reaction to Metaplanet’s Announcement
Investors responded enthusiastically to Metaplanet’s news, with shares surging 13.3% on Wednesday during afternoon trading on the Tokyo Stock Exchange. The rally reflects growing investor confidence in the company’s Bitcoin-centric vision and its potential for long-term growth.
A Bold Vision for Bitcoin Adoption
Metaplanet’s acquisition of 555 BTC and its issuance of $25 million in bonds underscore its commitment to becoming a dominant player in the Bitcoin space. By expanding internationally and maintaining an aggressive accumulation strategy, the company is positioning itself as a leader in the institutional adoption of Bitcoin.
The growing trend of corporate Bitcoin investments highlights the cryptocurrency’s appeal as a store of value and hedge against economic uncertainty. However, the lack of interest from governments like the U.S. underscores the divide between private and public sector approaches to digital assets.
For now, Metaplanet’s bold strategy reflects the optimism driving institutional investment in Bitcoin—a trend that shows no signs of slowing down.
