Metaplanet Acquires 103 Bitcoin While Redeeming Portion of Bonds

Metaplanet Inc. (TSE Standard: 3350) announced the purchase of 103 additional Bitcoin and the partial early redemption of its 19th Series Ordinary Bonds.

*Metaplanet Acquires Additional 103 $BTC, Total Holdings Reach 18,991 BTC* pic.twitter.com/kCDNFw2zTy
— Metaplanet Inc. (@Metaplanet_JP) August 25, 2025

The latest acquisition was valued at approximately ¥1.736 billion, with an average purchase price of ¥16,856,833 per Bitcoin.

Following the transaction, the company’s Bitcoin holdings total 18,991 Bitcoin, acquired at an average cost of around ¥15.05 million per coin.

In its filing, the company noted that it monitors the effects of its Bitcoin treasury strategy using internal performance measures, including BTC Yield, BTC Gain, and BTC ¥ Gain.

These metrics are described as reflecting changes in Bitcoin holdings relative to share dilution.

“BTC Yield is a key performance indicator that reflects the percentage change in the ratio of Total Bitcoin Holdings to Fully Diluted Shares Outstanding over a given period,” Metaplanet stated.

“The Company uses BTC Yield to assess the performance of its Bitcoin acquisition strategy, which is intended to be accretive to shareholders.”

Separately, Metaplanet reported progress in its bond and equity-related activities.

*Metaplanet Partially Redeems 3 Billion JPY of 19th Series Ordinary Bonds* pic.twitter.com/ygw2iyEsSJ
— Metaplanet Inc. (@Metaplanet_JP) August 25, 2025

The company redeemed ¥3 billion of its 19th Series Ordinary Bonds, following earlier repayments of ¥6 billion on July 4th and ¥6.75 billion on July 14th.

According to the disclosure, these redemptions were funded through proceeds from the exercise of the 20th through 22nd Series of Stock Acquisition Rights, originally allocated to EVO FUND.

As of August 22nd, 722,014,340 common shares were outstanding, reflecting issuances linked to the exercised rights.

Bitcoin treasury operations were designated as an official business line in December 2024.

Since that time, the company has increased its holdings through a combination of market purchases and capital market transactions.

Metaplanet also noted that while BTC Yield and related metrics are not conventional financial measures, they are intended to provide shareholders with additional context regarding the company’s approach to Bitcoin accumulation.