Japanese Bitcoin treasury company Metaplanet has achieved a BTC Yield of 108.3% year-to-date in 2025.
In an April 14 X post, Metaplanet CEO Simon Gerovich said the company now holds 4,525 BTC, worth roughly $386.3 million, at an average cost of around $85,366 per coin
The announcement followed Metaplanet’s latest purchase of 319 BTC for approximately ¥3.78 billion (or $26.3 million), acquired at an average price of ¥11.85 million (~$82,549) per Bitcoin.
To track the effectiveness of its treasury strategy, Metaplanet relies on BTC Yield, a metric that measures the growth of its Bitcoin holdings relative to its fully diluted share count. As previously reported by crypto.news, the metric surged 309.8% in Q4 2024 and 95.6% in the first quarter of 2025.
Earlier this month, the Tokyo-listed firm added 160 BTC to its treasury for around $13.4 million. Metaplanet is aiming to accumulate over 10,000 BTC by the end of 2025 and ultimately reach 21,000 BTC by 2026.
To support this aggressive strategy, Metaplanet has been raising funds through a mix of equity and debt, including a series of zero-coupon bond issuances and stock acquisition rights with EVO FUND. Since January, it has issued 21 million shares across five tranches under its “210 Million Plan.”
Most recently, it exercised 8.6 million and 4.2 million shares under its 14th and 17th stock rights series, raising over ¥35 billion to date, which accounts for roughly 42% of the planned 21 million share issuance.
The company has completed early redemptions on several bond tranches, including its 9th Series, which was fully repaid ahead of schedule. Originally maturing in September 2025, the ¥2 billion issuance was redeemed using proceeds from EVO FUND’s exercise of the 13th to 17th stock rights series.
Last month, it announced plans to raise ¥2 billion ($13.3 million) through its 10th Series of Ordinary Bonds issued on March 31.
According to data from Bitcoin Treasuries, Metaplanet is currently the largest corporate holder of Bitcoin in Asia.
Globally, U.S.-based Strategy remains the largest corporate holder of the flagship crypto with 528,185 BTC worth approximately $44.5 billion in their stash. However, the company recently alerted share holders it may have to sell part of its Bitcoin stash to meet financial obligations if it fails to raise fresh capital.
