Metaplanet Overtakes Cleanspark With $108M Bitcoin Purchase, Becomes Fifth-Largest Corporate Holder
Japanese investment firm Metaplanet has leapfrogged Cleanspark to become the fifth-largest corporate holder of Bitcoin after purchasing 1,005 BTC for $108 million—part of an aggressive expansion strategy that includes issuing zero-interest bonds to fund further acquisitions.
The latest move brings Metaplanet’s total Bitcoin holdings to 13,350 BTC, acquired at an average price of roughly $97,832 per coin. At current market value, the firm’s Bitcoin treasury is estimated at $1.45 billion, representing a significant return on its $1.31 billion cumulative investment.
With this acquisition, Metaplanet surpasses U.S.-based Bitcoin miner Cleanspark, which currently holds 12,502 BTC, according to BiTBO data. Metaplanet now ranks just behind Strategy (formerly MicroStrategy), Marathon Digital, Twenty One Capital, and Riot Platforms—placing it ahead of major names like Tesla, Coinbase, Block Inc., and Hut 8 in terms of Bitcoin reserves.
Metaplanet CEO Simon Gerovich noted that the average cost for the latest batch was $107,601 per Bitcoin, delivering the firm an impressive 349% year-to-date yield.
Metaplanet has acquired 1,005 BTC for ~$108.1 million at ~$107,601 per bitcoin and has achieved BTC Yield of 348.8% YTD 2025. As of 6/30/2025, we hold 13,350 $BTC acquired for ~$1.31 billion at ~$97,832 per bitcoin. $MTPLF pic.twitter.com/TdHEEjF5af
— Simon Gerovich (@gerovich) June 30, 2025
Zero-Interest Bond Strategy Fuels Expansion
What makes Metaplanet’s strategy particularly unique is how it’s financing these purchases. The company recently issued 30 billion yen ($208 million) in zero-percent interest ordinary bonds from its EVO fund, effectively raising capital without incurring borrowing costs. Part of the funds will be used to buy back and cancel earlier bonds worth 1.75 billion yen ($12 million), which carried a modest 0.36% annual interest rate. The rest will go toward buying more Bitcoin.
“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,” Metaplanet said in a public disclosure.
Ambitious Targets and Soaring Stock
Metaplanet is setting bold targets. Earlier this month, the company revised its Bitcoin accumulation plan, aiming to hold 100,000 BTC by 2026—up from its previous goal of 21,000. Even more ambitiously, it’s seeking to raise $5.4 billion to eventually acquire up to 210,000 BTC by 2027. If successful, this would make Metaplanet the second-largest corporate Bitcoin holder in the world, behind only Strategy.
The markets have responded positively. On the day of the latest purchase announcement, Metaplanet’s stock surged 9%. Year to date, the company’s share price has jumped over 350%, according to Google Finance.
Industry Eyes Stay Fixed
Meanwhile, Bitcoin advocate and Strategy founder Michael Saylor hinted at more purchases from his firm, continuing a pattern of weekend tweets that often precede new buys. “In 21 years, you’ll wish you’d bought more,” Saylor posted, sharing a chart from the firm's portfolio tracker. Gerovich responded in kind:
“We buy every day. And still, I know I’ll look back wishing we had moved even faster.”
In 21 years, you'll wish you'd bought more. pic.twitter.com/s1I607RVda
— Michael Saylor (@saylor) June 29, 2025
Metaplanet’s bold Bitcoin strategy, underpinned by zero-interest financing and aggressive treasury goals, marks a new chapter in corporate crypto adoption. With both investor confidence and market momentum on its side, the company is rapidly emerging as a heavyweight in the world of digital asset accumulation.