Metaplanet Expands Bitcoin Treasury to 18,888 Bitcoin With $93M Purchase

Metaplanet bought 775 Bitcoin for $93 million, bringing its holdings to 18,888 Bitcoin worth about $1.95 billion.

Deniz Saat

August 18, 2025 @ 2:09 PM PT

Tokyo-based Metaplanet Inc. acquired 775 Bitcoin on Monday for approximately $93 million (¥13.73 billion), bringing its total holdings to 18,888 Bitcoin as part of its ongoing treasury program.

*Metaplanet Acquires Additional 775 $BTC, Total Holdings Reach 18,888 BTC* pic.twitter.com/2WI5ORPSTp
— Metaplanet Inc. (@Metaplanet_JP) August 18, 2025

The purchase was made at an average price of $120,000 (¥17.72 million) per coin, giving the company an overall average acquisition cost of about $102,000 (¥15.04 million) per Bitcoin.

Its Bitcoin reserves are currently valued at roughly $1.95 billion (¥284.1 billion), ranking it the seventh-largest corporate holder.

“18,888 BTC. Onward and upward,” Metaplanet President Simon Gerovich said in a post on X.

The company reported a Bitcoin Yield of 29.3% for the latest quarter, down from 129.4% in Q2, and said its multiple to net asset value has declined to near 2, the lowest since it began accumulating BTC.

Metaplanet carries about $117 million in outstanding debt.

Dylan LeClair, director of Bitcoin strategy, noted: “Metaplanet now holds $2.18 billion in BTC against just $120 million of outstanding 0% ordinary bonds. Our 19th Series Ordinary Bonds are 18.67x over-collateralized by our BTC position, and currently represent the sole liability within our capital structure.”