 
 
Metaplanet, a Japanese investment firm that mirrors the model of American firm Strategy, the world’s biggest corporate BTC holder, has just snapped up more of the foremost cryptocurrency.
Just last month, Metaplanet said it would accelerate its Bitcoin buys by issuing debt as part of its ambitious strategy to lead Japan’s Bitcoin renaissance.
Metaplanet, which trades on the Tokyo Stock Exchange, announced Thursday that it had bought 68.59 Bitcoin for $6.6 million as it attempts to deepen its crypto strategy.
The company paid an average of $96,335 per BTC, bringing its total stash to 2,100 BTC, worth around $203 million. This means Metaplanet currently holds approximately 0.01% of the total BTC supply that will ever be mined.
*Metaplanet Reaches 0.01% of Total Bitcoin Supply* pic.twitter.com/0fgubEYkaA
— Metaplanet Inc. (@Metaplanet_JP) February 20, 2025
According to CoinGecko data, the Bitcoin price had reclaimed the $97,000 level at press time, having gained 1.4% in the past day. Notably, multinational bank Standard Chartered recently laid out its vision for how Bitcoin could rocket to as high as $500,000 before U.S. President Donald Trump leaves office.
 
Metaplanet’s Dylan Le Clair revealed in an X post that the firm had raised $20 million in equity capital in the first two trading days of its “21 million plan”. In January, Metaplanet announced plans to raise more than 116 billion yen (around $745 million) to finance more Bitcoin buys.
At the time, the little-known Japanese investment firm said its goal was to accumulate 10,000 BTC by Q4 2025, which would cost more than $1 billion. By Q4 2026, Metaplanet plans to boost its cache to 21,000 BTC, valued at roughly $2.1 billion.
The company is copying the Bitcoin playbook established by American software firm MicroStrategy. In 2020, MicroStrategy started buying Bitcoin to give shareholders the best value for their money. Following its latest buy, the company now holds 478,740 BTC, which is valued above $46.5 billion.
Metaplanet first purchased Bitcoin on April 8, 2024, adopting it as a core treasury asset to protect against currency depreciation. It is now Asia’s second-largest corporate holder of Bitcoin following Boyaa Interactive, which holds 3,183 Bitcoin worth $309 million.
It’s worth mentioning that Strategy founder and executive chairman Michael Saylor has acknowledged Metaplanet’s latest BTC investment, defining its stash as “One Basis Point of Bitcoin.”
