Japan-based Metaplanet has expanded its Bitcoin (BTC) treasury to 8,888 BTC after acquiring an additional 1,088 BTC in its latest buy. This accumulation positions it as the 10th-largest publicly traded Bitcoin holder.
Moreover, with this move, Metaplanet has reached 88.88% of its ambitious goal to accumulate 10,000 BTC by the end of 2025.
Metaplanet Buys 1,088 Bitcoins
As stated in the official release, Metaplanet acquired the latest batch of Bitcoin at an average price of approximately $107,771 per BTC, amounting to around $117.3 million. The company’s total Bitcoin holdings have been acquired at an average cost of about $93,354 per BTC.
The total investment is close to $829.7 million. Given the current market valuation, 8,888 BTCs are worth approximately $932.2 million. Thus, Metaplanet is currently sitting on an unrealized gain of roughly $102.5 million.
“From January 1, 2025 to March 31, 2025, the Company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025 to June 2, 2025, the Company’s BTC Yield is 66.3%,” the disclosure read.
Furthermore, this move pushed Metaplanet past Block Inc., which holds 8,584 Bitcoins, to become the 10th-largest Bitcoin holder among publicly traded firms. According to BitcoinTreasuries data, Metaplanet began acquiring Bitcoin in April 2024, significantly later than Block Inc., which started accumulating in October 2020.
Despite the shorter timeline, Metaplanet’s aggressive acquisition strategy has outpaced several established players. In fact, BeInCrypto reported that the firm’s holdings surpassed El Salvador’s national reserves last month.
“8888 BTC. A symbol of abundance. A number of fortune. And today our new reality. 8888 Bitcoin secured. A new chapter begins for Metaplanet,” Metaplanet CEO Simon Gerovich posted.
Treasury Strategies Fuel Surge in Bitcoin Acquisitions Globally
Besides Metaplanet, other firms are also accelerating their Bitcoin acquisitions. Strategy (formerly MicroStrategy) co-founder Michael Saylor has hinted at an impending purchase in a recent X (formerly Twitter) post. At the time of writing, Strategy holds 580,250 coins, making it the largest Bitcoin holder.
Moreover, DDC Enterprise recently expanded its holdings by 79 BTC, bringing the total to 100 BTC.
“Bitcoin’s immutable scarcity and decentralized architecture align perfectly with our vision for a resilient treasury strategy,” CEO and founder of DDC, Norma Chu, stated.
Similarly, Jetking, an Indian-listed company, added nearly six bitcoins to its portfolio and now holds 21 BTC. In addition, Brazilian-listed company Méliuz, which adopted a Bitcoin treasury strategy in mid-May, is planning a public share offering to raise R$450 million (approximately $78 million). The company intends to use all the proceeds from this offering to purchase Bitcoin.
Lingling Jiang, Partner of DWF Labs, told BeInCrypto that more firms could join this trend.
“At DWF Labs, we see Bitcoin increasingly playing the role that gold once did, except with 24/7 liquidity, programmatic supply, and native compatibility with the digital economy. As regulatory frameworks evolve and custody infrastructure improves, we expect more firms especially in emerging markets to explore BTC not just as a hedge, but as an operational reserve asset” Jiang said.
Meanwhile, governments are also stepping up their involvement in Bitcoin. El Salvador has been steadily accumulating Bitcoins, bringing its total holdings to 6,195.18 BTC. In Panama, a state-owned bank announced plans to open Bitcoin-based savings accounts and allow transactions in dollars.
Panama City mayor Mayer Mizrachi revealed this at the Bitcoin Conference 2025 in Las Vegas. This move follows Tower Bank’s recent agreement to accept cryptocurrency tax payments.
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