- Metaplanet bought 330 BTC for $26 million, thus increasing its treasury holdings to 4,855 BTC ($420 million).
- The firm funds Bitcoin purchases through zero-coupon bonds and has raised over ¥35B under its “210 Million Plan.”
- ANAP Holdings enters the crypto market, and Bitcoin shows strength despite U.S. market losses and tariff tensions.
Tokyo-listed firm Metaplanet has made another major Bitcoin purchase, as BTC broke the $87,300 mark on Monday after rebounding from last week’s dip. Following this purchase, the company now holds 4,855 BTC, an increase of 330 BTC. At present, Metaplanet’s total Bitcoin stash is worth in excess of $420 million at current market rates.
Metaplanet Boosts Bitcoin Holdings as ANAP Enters Crypto Market
In its April 21 statement, Metaplanet revealed that the recent Bitcoin investment totaled ¥4.02 billion ($26 million), at an average price of ¥12.18 million ($85,605) per coin. The company now has a BTC stash worth ¥62.17 billion ($414 million) at its average cost basis of ¥12.8 million ($85,386) per Bitcoin.
Earlier this month, Metaplanet usurped popular names to become the 10th largest corporate BTC treasury and is currently the largest public BTC holder in Asia. In line with its transparency strategy, the company calculates its Bitcoin holding per fully diluted share, called BTC Yield. At present, the company’s yield for the current quarter is 12.1%. The returns stood at 41.7% and 309.8% in Q3 and Q4 2024, respectively. Q1 2025 saw 95.6% yield.
In funding this acquisition, the company adopted several capital market approaches, including the issuance of zero-coupon bonds and the purchase of stock acquisition rights. As of April 25, Metaplanet had already raised over ¥35 billion ($226 million) to buy BTC. This move is in line with its “210 Million Plan” of issuing 0% discount stock rights to EVO FUND. Last week, it even issued another $10 million in zero-interest bonds to facilitate additional BTC purchases.
For this calendar year, Metaplanet has set its Bitcoin programs’ earnings at ¥3.0 billion ($27.5 million), aiming to hit an overall revenue of ¥3.4 billion ($31.3 million) during the same period. Additionally, the company has set an ambitious goal for 2025. Before the end of the year, it aims to increase its treasury Bitcoin holdings to 10,000 BTC which amounts to 1% of the coin’s total supply. Metaplanet seeks to double this figure to 21,000 BTC by 2026, which equals about 1.5% of Bitcoin’s total supply.
Meanwhile, another company has recently joined the ongoing BTC accumulation frenzy. Per recent reports, Japanese Fashion company ANAP Holdings recently acquired 16.6591 BTC, totaling ¥200 million ($1.4 million). Oversight of its crypto activities, which includes reporting quarterly valuation changes in its financial statements, will be handled by its subsidiary, ANAP Lightning Capital.
Bitcoin Shows Strength Amid U.S. Market Turmoil, Maintains Bullish Momentum
Bitcoin has shown resilience even as the US market experienced slippages. Over the past two days, the coin has dipped by just 6%, as the US economy has tanked by $5.4 trillion following President Trump’s announcement of reciprocal tariffs. In contrast, the Nasdaq index lost 11% of its market value within that timeframe.
At the time of writing, BTC trades at $ 87,388, rallying 3.08% over the past day.
Despite a price slip over the weekend, the Bitcoin market sentiment remains bullish, as per Coincodex data. Over the past month, Bitcoin has experienced 17 consecutive green outings as buyers have consistently stepped in. Moreover, it is positioned above the 200-day Simple Moving Average (SMA), indicating a potential uptrend.
