Metaplanet’s $117M Bitcoin Purchase Lifts Treasury to 11,111 BTC

Tokyo-listed Metaplanet bought 1,111 Bitcoin on Monday for $117 million, bringing its total holdings to 11,111 BTC. The company paid an average price of $105,681 per coin.

The purchase increases Metaplanet's Bitcoin exposure to over $1.1 billion at current market prices. The company has raised its year-end target from 10,000 BTC to 30,000 BTC by December 31, 2025.

Metaplanet made the purchase during a weekend market decline that pushed Bitcoin prices down to $98,000 before recovering above $101,000. The drop came after intensified Iran-Israel tensions affected markets globally.

The company's average cost for all 11,111 BTC holdings is approximately $95,700 per coin, meaning Metaplanet holds unrealized gains on its total position at current price levels.

The hotel operator shifted its business focus in late 2024 to include Bitcoin treasury operations as a primary activity. Since then, Metaplanet has provided regular updates to shareholders about its BTC purchases and cost basis.

Read on: Metaplanet Reaches 10,000 BTC Holdings, Surpasses Coinbase Global

The company finances its Bitcoin acquisitions through equity and bond sales. Metaplanet states it views Bitcoin as protection against economic uncertainty and plans to continue expanding its holdings according to its public targets.

Metaplanet's Bitcoin strategy represents one of the larger corporate treasury plays in the cryptocurrency space. The company has moved away from its traditional hotel business to focus on BTC accumulation as a core part of its operations.