Metaplanet’s Significant Bitcoin Acquisition

Metaplanet's Significant Bitcoin Acquisition

Metaplanet, a Japanese company often likened to MicroStrategy in the United States, has made another significant purchase of Bitcoin. The company announced that it had acquired 1,004 Bitcoins for $104 million. This is the latest in a series of investments by Metaplanet.

Stock Market Impact

The news sent Metaplanet’s stock price soaring on the Tokyo Stock Exchange, rising 15% to 712 JPY. This increase brought its monthly gains to over 100%. The stock has been on an upward trend since January 2025, with its value increasing by over 200%.

Financial Performance

Metaplanet also reported record revenue for Q1 at 877 million Japanese yen ($6 million). Since January 2025, the company has increased its Bitcoin holdings four times, adding 6,038 Bitcoins to reach a total of 7,841 Bitcoins.

Financing Strategy

The expansion was financed through a moving-strike warrant program that allows issuances of equity without fixed discounts or strike prices. This method enabled Metaplanet to grow its Bitcoin holdings without significant upfront costs.

CEO Insights

Toshihiro Matsumoto, CEO of Metaplanet, spoke with Bloomberg TV about the company’s plans for expanding its Bitcoin holdings and reducing costs. He stated:

"We have been able to increase our Bitcoin holdings significantly since last year. Our current plan is not just about increasing our Bitcoin holdings but also reducing costs."

Matsumoto emphasized that while there are no specific targets set for further purchases or sales of Bitcoin, he believes that there will be opportunities in both directions as market conditions change.

Future Considerations

When asked about how much more money can be raised through warrants before they become too expensive due to dilution effects from future share issuances, Matsumoto stated:

"We’re not sure yet."

Additionally, when questioned if he thinks other companies will follow suit and invest heavily in cryptocurrencies, he replied:

"I don’t know."

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