Metaplanet bought 1,112 BTC for $117M, hitting its 2025 goal of 10,000 BTC early.
The company plans to raise $5.34B via MS warrants to buy even more Bitcoin.
Michael Saylor praised Metaplanet as its stock surged over 30% on the news.
Japan is making serious moves in the Bitcoin space and Michael Saylor has taken notice. The Strategy executive chairman and well-known Bitcoin advocate just gave a public nod of approval to Metaplanet, a Japanese firm aggressively stacking Bitcoin.
In a post on X, Saylor congratulated Metaplanet’s CEO Simon Gerovich and the company’s shareholders for hitting a major milestone much earlier than expected.
Metaplanet Stock Soars
Metaplanet’s stock (MTPLF) jumped over 30%, rising from 1,769 JPY to 2,301 JPY after the company revealed it had purchased 1,112 Bitcoin for around $117.2 million. The average price per coin came in at $105,435.
This major buy pushed Metaplanet’s total holdings to 10,000 BTC – reaching its 2025 target well ahead of schedule. The firm also reported a 266.1% year-to-date return on its Bitcoin strategy in 2025, underscoring the strength of its bold accumulation plan.
Huge Money Plan for More Bitcoin
But they’re not stopping there. Metaplanet plans to grow its holdings to 21,000 BTC by the end of 2026 – a symbolic nod to Bitcoin’s hard cap of 21 million coins.
To make that happen, the company has issued 555 million MS warrants, aiming to raise 770.9 billion yen ($5.34 billion). The entire amount is set to be used for more Bitcoin purchases.
This is the largest issuance of its kind in Japanese capital market history, and it’s also the first MS warrant in Japan priced above market value, a move that signals serious confidence in Bitcoin’s long-term value.
Saylor Still Leads With Strategy’s Massive Holdings
While Metaplanet is making headlines, Saylor’s firm Strategy still holds the crown. As of June 9, the company owns 582,000 BTC, valued at around $62.3 billion, with a one-year return of 158%.
On Sunday, Saylor dropped a subtle hint at another upcoming buy, posting “Bigger Dots are ₿etter” along with a chart showing Strategy’s weekly BTC accumulations. If the pattern holds, a new purchase announcement could land any day.
A New BTC Race in the Making?
With Bitcoin trading above $106,000, Metaplanet’s rapid rise and record-breaking plans are catching global attention. And with Saylor cheering from the sidelines, it’s a signal of Japan stepping deeper into the Bitcoin game.
Strategy may still be far ahead, but in crypto, things can change quickly. Metaplanet’s next moves will be worth watching.
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FAQs
Metaplanet’s aggressive Bitcoin buys, especially funded by large bond issuances, contribute to reducing Bitcoin’s circulating supply. This institutional demand, along with similar strategies by other firms, creates competition for finite Bitcoin, potentially driving its price higher due to increased scarcity.
Advantages: Allows companies to acquire substantial Bitcoin without immediate interest expenses (like zero-coupon bonds), optimizes capital structure, and signals strong confidence in Bitcoin’s long-term appreciation, attracting investors comfortable with this strategy.
Risks: Increases corporate debt, exposes the company to Bitcoin’s price volatility, and relies on the company’s ability to generate future revenue to repay the bonds, especially if Bitcoin’s value drops.
Corporate Bitcoin holdings significantly legitimize cryptocurrencies, shifting public perception from speculative to credible assets. This trend can boost retail adoption, attract more traditional investors, and accelerate the development of regulated crypto products and services.