Metaplanet Hits 11,111 BTC, Eyes 210k by 2027

[umair]

Metaplanet Inc., a publicly traded company in Tokyo, has continued its transition from a hotel business into a bitcoin-focused treasury firm. On June 23, the company announced the acquisition of 1,111 more BTC, bringing its total holdings to a notable 11,111 bitcoins. This purchase, valued at approximately ¥17.26 billion (around $108 million), was made at an average price of ¥15.54 million per bitcoin, roughly $97,000.

The company has now exceeded its 2025 target of 10,000 BTC and is inching closer to surpassing Tesla, which currently holds about 11,509 BTC. Looking ahead, Metaplanet has outlined bold new goals: to hold 30,000 BTC by the end of 2025, 100,000 BTC by the end of 2026, and a staggering 210,000 BTC by the end of 2027. This final figure would represent nearly 1% of Bitcoin’s total supply.

Metaplanet uses a unique internal performance metric known as "BTC Yield," which measures the number of bitcoins held relative to the company’s fully diluted shares. As of June, their BTC Yield had risen from 95.6% in Q1 to 107.9%. This increase is notable, especially considering the equity dilution from financing rounds. The company has raised over ¥300 billion since May through a mix of zero-coupon bonds, convertible notes, and stock warrants.

While Metaplanet's share price has soared—up 1,600% in a year and over 8,000% in two years—some experts caution that shares may now reflect overly optimistic Bitcoin prices, with some trading at a premium that values BTC at $600k or more. Still, Metaplanet's model continues to attract investor interest and comparisons to MicroStrategy’s aggressive Bitcoin accumulation strategy, raising broader questions about corporate influence over the cryptocurrency ecosystem.