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- Metaplanet Inc. expanded its Bitcoin holdings by purchasing 780 more BTC.
- BTC Yield reached 22.5% from July 1 to July 28, 2025, reflecting strong performance.
- The company redeemed over JPY 12 billion in bonds through exercised stock rights.
Metaplanet Inc. has deepened its commitment to Bitcoin. The company acquired 780 Bitcoin in its latest purchase round, spending a total of 13.66 billion yen. This transaction adds to its growing digital asset reserves, bringing the total number of Bitcoin held to 17,132.
New transaction’s present price per Bitcoin stood at 17.52 million yen. The total average cost basis per coin by the company is 14.78 million yen. Characteristic of a deliberate risk, these figures keep enriching the treasury of Metaplanet by converting capital into Bitcoin despite elevated prices within the market.
Its current approach relies upon its Bitcoin Treasury Operations unit. The unit has been an approved line of business since December 2024. Since then, the company has funded acquisitions with both market-based funding and internal revenue.
Metaplanet Shares Bitcoin Growth Metrics
Metaplanet measures its performance with Bitcoin using certain metrics. BTC Yield is one of those metrics. BTC Yield is the percentage growth of Bitcoin with a fully diluted share count of a company. In this reporting period from July 1 to July 28, 2025, that metric was 22.5%. Well, that is less than before, but the very short reporting period alone explains and limits such criticism.
BTC Gain as the additional metric determines how far the Bitcoin would have increased with a static number of shares. The firm removes the effects of dilution from its strategy results. BTC ¥ Gain using Japanese yen informs shareholders of monetary effect within regional currencies.
These metrics let us see how the Bitcoin strategy affects company value from a digital assets perspective. They do not, however, measure revenue or net earnings. They are designed not to supplant but to complement traditional financial metrics.
Redemption and Share Activity Boost Strategy
Redemptions of 12.75 billion yen by Metaplanet from its ordinary bonds were made on July 4 and 14, 2025. The redemptions were due to exercised stock acquisition rights. Investors converted millions of shares under such rights on three separate days in July.
An increase in fully diluted shares indicates such activity. The accounting by Metaplanet recognizes certain warrants only upon exercising such warrants. Such accounting is typical of U.S. capital market practices.
As of July 28, 2025, the company continues to present all figures adjusted for its recent 10-for-1 stock split. The decision provides shareholders with a clean picture of per-share Bitcoin exposure. There is no sign from Metaplanet that it intends to tone down its Bitcoin-themed strategy. The company remains willing to use capital markets and internal means to build out its digital treasury.
Related Reading: Bitcoin Surges as IBCI Signals Bullish Momentum: What’s Next?
