Tokyo-listed investment house Metaplanet has bought 1,004 Bitcoin for roughly ¥15.2 billion ($104.6 million), its second-largest single acquisition to date.
The deal lifts the firm’s stash to 7,800 BTC, worth about $807 million and cementing Metaplanet as Asia’s biggest corporate holder of the cryptocurrency.
Buying spree accelerates in May
Metaplanet has acquired 2,800 BTC so far this month across several transactions, including a record 1,241-coin haul on May 12.
It now ranks tenth globally among public companies, closing in on Galaxy Digital’s 8,100-coin position and far surpassing El Salvador’s sovereign cache.
Corporate adoption gathers pace
Public companies have overtaken ETFs and governments as the year’s most aggressive net buyers, according to research from River.
Michael Saylor’s Strategy remains the runaway leader with 568,840 BTC, but the billionaire hinted at fresh accumulation by posting his trademark tracker screenshot.
“Never short a man who buys orange ink by the barrel,” Saylor quipped, fueling speculation of another nine-figure purchase.
Yield metrics underscore conviction
Metaplanet reported a first-quarter Bitcoin yield of 95.6 % and a 47.8 % return so far in Q2, metrics that gauge percentage growth in holdings per fully diluted share.
Management argues those figures validate its treasury-first strategy and offer shareholders asymmetric upside relative to cash reserves held in yen.
While critics warn of volatility, the firm says its average cost basis remains well below current spot prices, affording a cushion against downside swings.
Analysts are watching whether Metaplanet will cross the 8,100-coin threshold, a symbolic milestone that would push it into the global top nine.