Metaplanet Surpasses CleanSpark With $108M Bitcoin Purchase

     

Japanese Firm Becomes Fifth-Largest Corporate BTC Holder After Zero-Interest Bond Strategy

Metaplanet, a Bitcoin-focused treasury firm based in Japan, has officially overtaken CleanSpark to become the fifth-largest public corporate holder of Bitcoin following a $108 million purchase of 1,005 BTC.

With this acquisition, Metaplanet’s total Bitcoin holdings now stand at 13,350 BTC, purchased at an average price of $97,832 per coin – roughly $1.31 billion in total acquisition cost. At current prices, the firm’s BTC treasury is valued at approximately $1.45 billion.

According to BiTBO, Metaplanet now holds more Bitcoin than Tesla, Coinbase, Block Inc., and Hut 8. Only Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms hold more. CEO Simon Gerovich confirmed the latest purchase price was $107,601 per BTC and said Metaplanet has achieved a 349% yield on its Bitcoin positions so far in 2025.

$208 Million Raised Through Zero-Interest Bond Issuance

The purchase coincided with Metaplanet’s announcement of a bond refinancing initiative to fund additional Bitcoin buys.

The company issued 30 billion yen – around $208 million – in zero-interest ordinary bonds through its EVO fund to expand its BTC treasury. Part of the proceeds will be used to repurchase and cancel ¥1.75 billion ($12 million) worth of third series bonds that carried a 0.36% annual interest rate.

The strategy effectively replaces previous debt with a cost-free financing model and frees up capital for further Bitcoin acquisitions.

“Funds raised through the issuance of the new bonds will be partially allocated to the buyback and cancellation, with the remainder used for the purchase of Bitcoin,” the company stated in its public disclosure.

Stock Rises 9% As BTC Holdings Strategy Expands

Earlier this month, Metaplanet raised its long-term Bitcoin target to 100,000 BTC by 2026 – up from the previously stated 21,000 BTC. By 2027, the firm plans to raise $5.4 billion to acquire a total of 210,000 BTC, a move that would make it the second-largest corporate BTC holder globally if current rankings hold.

The announcement of the latest purchase and strategy pushed Metaplanet’s stock up 9% on Monday. Shares have surged over 350% since the start of 2025, according to Google Finance data.

Saylor Teases Another Bitcoin Move

Meanwhile, Strategy founder Michael Saylor may be signaling another purchase. In a Sunday post showing the company’s Bitcoin portfolio tracker – typically preceding a buy – Saylor wrote: “In 21 years, you’ll wish you’d bought more.”

Metaplanet’s Gerovich responded, “We buy every day. And still, I know I’ll look back wishing we had moved even faster.”