Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark

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Metaplanet has again beefed up its Bitcoin holdings. According to the Tokyo-listed investment firm, it bought 1,111 BTC on Monday for about $118.2 million.

The average price paid was roughly $106,408 per coin. Bitcoin has fallen more than 5% over the last week, trading just above $101,000.

Performance Metrics Climb Higher

Metaplanet’s own numbers show a quarter-to-date BTC yield of 108%, up from 96% in Q1 and a hefty 310% in Q4 2024. That metric tracks Bitcoin per fully diluted share, so it puts the firm’s strategy under a clear spotlight.

Based on reports, the company gained 4,367 BTC valued at $451 million in this period, using prices from Bitflyer.

*Metaplanet Acquires Additional 1,111 $BTC, Total Holdings Reach 11,111 BTC* pic.twitter.com/7ceEeSh1X4

— Metaplanet Inc. (@Metaplanet_JP) June 23, 2025

Balance Sheet Swells to 11,111 BTC

With the new purchase, Metaplanet’s total stash now stands at 11,111 BTC, worth just over $1.07 billion. Its cost basis for those coins sits at about $95,869 each.

Metaplanet’s shares dipped 3.5% on the day of the announcement, a sign that investors may be worried about how the firm is funding its buy-ups.

Source: Metaplanet

Funding Through Bonds And Shares

Based on reports, the company has raised cash via zero-coupon bonds and equity rights since January. It issued over 210 million shares under a program it calls the “210 Million Plan.”

Evo Fund has snapped up many of those bonds and rights. Between May and June 2025, Metaplanet pulled in over $300 million, earmarking every dollar for more Bitcoin.

Bitcoin is now trading at $109,309. Chart: TradingView

Ambitious Target Of 210,000 BTC

Metaplanet has set a goal to hold 210,000 BTC by the end of 2027. That is 10 times its current pile. To reach that number, it will need to keep tapping the capital markets—and it plans to.

The firm even created a dedicated Bitcoin Treasury Operations arm in December 2024, moving away from its hotel management roots.

Dilution And Risk For Shareholders

Metaplanet’s fully diluted share count rose to close to 760 million as of June 23. That puts its Bitcoin per 1,000 shares at 0.0146 BTC. More bonds and shares mean more dilution for existing investors. If Bitcoin’s price slips, the cost of raising money could climb, eating into any gains from the crypto itself.

Metaplanet’s approach mirrors what some other big holders have done. It’s a bold stance. If Bitcoin holds up or heads higher, the firm could see big returns. But it will need to balance fresh capital raises against the risk of pushing down its own stock.

For now, Metaplanet shows no sign of slowing down its Bitcoin buying. The only real question is how far this strategy can run before the bills come due.

Featured image from Imagen, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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