Metaplanet, a publicly traded company based in Tokyo, disclosed the acquisition of 1,111 Bitcoin for approximately ¥17.2 billion ($118.2 million) in a regulatory filing dated June 23rd.

The company reported an average purchase price of ¥15.5 million ($106,408) per Bitcoin.

This transaction brings Metaplanet’s total holdings to 11,111 Bitcoin, acquired at a cumulative cost of ¥156.4 billion ($1.07 billion), with an average cost basis of ¥14.1 million ($95,869) per coin.

The purchase occurred shortly after Bitcoin’s price recovered from weekend lows of around $98,000, amid geopolitical developments in the Middle East. 

Metaplanet has continued to expand its Bitcoin position during periods of market volatility, with financing primarily sourced from capital market activities, including zero-coupon bond issuances.

The company’s reported Bitcoin-to-equity yield—a metric comparing Bitcoin holdings to fully diluted shares—was 107.9% in the second quarter of 2025, following 95.6% in the first quarter and 309.8% in the fourth quarter of 2024.

Metaplanet stated that it intends to acquire up to 210,000 Bitcoin by 2027. In 2024, it formally incorporated Bitcoin Treasury Operations into its core business model.

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