Metaplanet, a Japanese Bitcoin treasury firm, has reported a BTC Yield of 108.3% year-to-date as of 2025.
On April 14, the CEO of Metaplanet, Simon Gerovich, revealed in a post on X that the company now possesses 4,525 BTC, valued at approximately $386.3 million, with an average acquisition cost of about $85,366 per coin.
This announcement followed the company’s recent acquisition of 319 BTC for around ¥3.78 billion (equivalent to $26.3 million), with an average purchase price of ¥11.85 million (roughly $82,549) per Bitcoin.
To assess the success of its treasury approach, Metaplanet utilizes BTC Yield, a measure that evaluates the growth of its Bitcoin assets in relation to its fully diluted share count. As previously noted, this metric skyrocketed by 309.8% in Q4 2024 and increased by 95.6% in the first quarter of 2025.
To support this bold plan, Metaplanet has been raising capital through a hybrid approach of equity and debt financing, including the issuance of zero-coupon bonds and stock acquisition rights in collaboration with EVO FUND. Since January, the firm has released 21 million shares across five different tranches under its “210 Million Plan.”
Recently, Metaplanet executed the rights for 8.6 million and 4.2 million shares from its 14th and 17th stock rights series, raising over ¥35 billion so far, which constitutes about 42% of the proposed 21 million share issuance.
The company has also completed early redemptions on several bond tranches, including the 9th Series, which was fully paid off ahead of time. This issuance, originally scheduled to mature in September 2025, involved ¥2 billion and was redeemed with proceeds from EVO FUND’s executed stock rights from the 13th to 17th series.
Last month, it announced plans to secure ¥2 billion ($13.3 million) through its 10th Series of Ordinary Bonds that were issued on March 31.
As per data from Bitcoin Treasuries, Metaplanet stands as the largest corporate Bitcoin holder in Asia.
On an international scale, a U.S.-based entity continues to lead as the largest corporate holder of Bitcoin, with a total of 528,185 BTC valued at approximately $44.5 billion. However, this company recently warned shareholders that it might need to liquidate a portion of its Bitcoin assets to fulfill financial obligations if it cannot secure additional capital.