Metaplanet’s Bitcoin Bet Pays Off: 108.3% Yield in 2025 as Holdings Hit $386M

Metaplanet, a Tokyo based public company, is one of the most aggressive corporate Bitcoin investors in Asia.

So far in 2025, the company has 108.3% return on its Bitcoin strategy, holding 4,525 BTC worth approximately $386.3 million at the time of writing.

CEO Simon Gerovich attributes the strong performance to the company’s disciplined focus on its proprietary BTC Yield metric, which measures Bitcoin growth relative to Metaplanet’s fully diluted share count. The company’s yield surged 309.8% in Q4 2024, followed by 95.6% in Q1 2025, and investors are now confident in the treasury model.

Latest BTC Purchases: Still Buying the Dip

Metaplanet isn’t done. In the latest move, the company bought 319 BTC for ¥3.78 billion (approximately $26.3 million) at an average price of ¥11.85 million (~$82,549) per coin. That was after another April purchase: 160 BTC for around $13.4 million.

The company’s average cost per BTC is now $85,366—well timed as Bitcoin is above $84,000.

10,000 BTC by 2025 — and 21,000 by 2026

Metaplanet has a big goal: 10,000 BTC by the end of this year and 21,000 by 2026—mirroring Bitcoin’s total supply.

To achieve this, Metaplanet is using equity and debt issuance, including:

• The “210 Million Plan”, allowing issuance of up to 21 million shares

• ¥35 billion raised so far (42% of total funding target)

• Strategic execution of 8.6 million and 4.2 million shares from the 14th and 17th issuance series

• Zero-coupon bonds to raise funds without adding interest obligations

In March, the company launched its 10th Series of Ordinary Bonds, aiming to raise ¥2 billion ($13.3M). It also completed early redemption of its 9th bond series, initially set to mature in September 2025—showing its proactive balance sheet management.

Metaplanet: Asia’s Top Corporate Bitcoin

HolderAccording to BitcoinTreasuries.net , Metaplanet is now the largest public holder of Bitcoin in Asia. While it trails MicroStrategy’s massive 528,185 BTC ($44.5B) stash, Metaplanet’s momentum is hard to ignore—especially given its rapid accumulation rate and investor friendly capital structure.

Unlike MicroStrategy, which has faced recent pressure to sell BTC to manage debt, Metaplanet is scaling up with treasury discipline and growing institutional interest in Japan.

Key Points:

• BTC Yield: 108.3% YTD (2025)

• Total Holdings: 4,525 BTC (~$386M)

• 2025 Target: 10,000 BTC

• 2026 Goal: 21,000 BTC

• Funds Raised: Over ¥35B via equity + debt

• Rank: #1 corporate BTC holder in Asia

Conclusion:

Metaplanet isn’t just stacking sats—it’s writing the playbook for corporate treasury management in Asia. As Japan adopts Bitcoin and institutional trust in BTC grows, Metaplanet’s aggressive plan is a sign of the times for decentralized assets as long term stores of value.