Metaplanet reaches 5,555 Bitcoin milestone with latest 555 BTC buy

Japan’s Metaplanet has purchased an further 555 Bitcoin arsenic portion of its assertive accumulation strategy, bringing its full holdings to 5,555 BTC — valued astatine implicit $536 cardinal astatine existent prices.

On May 7, the Tokyo-listed steadfast disclosed that it spent $53.4 cardinal acquiring 555 Bitcoin (BTC) astatine an mean terms of $96,134. The institution present holds 5,555 BTC, purchased for $481.5 cardinal astatine an mean terms of $86,672 per Bitcoin, according to CEO Simon Gerovich.

The institution besides announced the issuance of different $25 cardinal successful zero-coupon mean bonds to money its ongoing BTC buys. Since aboriginal 2024, the steadfast has raised implicit 35 cardinal yen ($244 million) done zero-coupon bonds and banal acquisition rights via its spouse Evo Fund.

The company’s proprietary cardinal show indicator, BTC Yield, has surged successful caller quarters, reaching 309.8% successful Q4 2024, 95.6% successful Q1 2025, and 21% successful the existent quarter.

“In Japanese, the fig 5 is pronounced “Go,” truthful contiguous we’re shouting: Go spell go spell — to the satellite and beyond!” Gerovich said successful a station connected X.

Source: Simon Gerovich

Related: Eric Trump joins Metaplanet’s strategical committee of advisers

Metaplanet announces US subsidiary

On May 1, Metaplanet announced plans to motorboat a wholly owned US subsidiary, Metaplanet Treasury Corp., based successful Florida. The entity plans to rise up to $250 cardinal to further its Bitcoin strategy and pat US superior markets.

Metaplanet is presently Asia’s largest nationalist firm holder of Bitcoin and ranks 11th globally, according to BitcoinTreasuries.NET.

At the opening of April, the steadfast announced its acquisition of 696 BTC for 10.2 cardinal yen ($67 million). Later that aforesaid month, the firm acquired 330 Bitcoin for $28.2 million astatine an mean terms of $85,605 per BTC, bringing its full holdings to 4,855.

On April 24, the steadfast disclosed it bought an further 145 BTC for 1.9 cardinal Japanese yen (around $13.4 million), boosting its full holdings to 5,000 BTC.

Its shares surged 11% by midday connected the Tokyo exchange, according to data from Google Finance.

Magazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review