TL;DR
- Japanese company Metaplanet has reached 5,000 BTC in corporate reserves after acquiring 145 additional bitcoins for $13.6 million.
- This marks half of its goal of accumulating 10,000 BTC by the end of 2025.
- Additionally, it joins a wave of major institutions like Tether, SoftBank, and Bitfinex launching “Twenty One,” a new company with over 42,000 BTC in reserves.
Japanese investment firm Metaplanet has made a significant move by reaching 5,000 BTC in its reserves, marking 50% of its goal to accumulate 10,000 BTC by the end of 2025. This latest purchase of 145 BTC, financed through a share issuance, demonstrates the company’s firm commitment to a bitcoin-centric strategy, aligning itself with giants such as Tesla and MicroStrategy. The purchase was made at an average price of 13,280,472 yen ($93,327) per bitcoin, totaling around 1.93 billion yen ($13.6 million).
CEO Simon Gerovich’s vision is clear: position Metaplanet as one of the top corporate bitcoin holders in the world, leading the institutional adoption race from Japan. Metaplanet uses key indicators like “BTC Yield”, which has reached an impressive 121.1% year-to-date, to measure the actual impact of its acquisitions on shareholder value. Since adopting this strategy in April 2024, the company has not slowed down. In addition, its goals don’t stop at 10,000 BTC: the company has set an even more ambitious target of 21,000 BTC by the end of 2026, a symbolic figure in the crypto world due to its similarity with bitcoin’s maximum supply (21,000,000). This approach not only seeks profitability but also long-term strategic positioning in the market, securing its place among the most influential bitcoin holders.
Institutional Alliances Strengthen the Crypto Ecosystem
At the same time, a new wave of players is entering the crypto ecosystem. Tether, SoftBank, Bitfinex, and Cantor Fitzgerald have announced the creation of “Twenty One,” a public company with over 42,000 BTC and a pro forma enterprise value of $3.6 billion. With Jack Mallers at the helm, this initiative seeks to build bitcoin-focused financial products and media content with a completely bitcoin-native ethos.
Even sovereign wealth funds are taking significant positions. According to John D’Agostino from Coinbase Institutional, in April these institutional players were key to the 13% rise in bitcoin, surpassing even gold. This suggests that while many retail investors are selling via ETFs, large capital pools are quietly accumulating. What do these institutional investors know that the public has yet to understand?
