Metaplanet Acquires 1,111 BTC, Total Holdings Reach 11,111 BTC

Metaplanet has increased its Bitcoin holdings by purchasing 1,111 BTC for approximately $118.2 million, bringing its total to 11,111 BTC valued at over $1.07 billion. The average price paid was around $106,408 per coin, while Bitcoin's current price is just above $101,000, having fallen more than 5% in the past week.

Key Financial Metrics

Quarter-to-date BTC yield is 108%, up from 96% in Q1 and 310% in Q4 2024.
Company gained 4,367 BTC valued at $451 million during this period.

Metaplanet's shares fell 3.5% following the announcement, indicating investor concerns about funding sources. The firm has raised over $300 million since January through zero-coupon bonds and equity rights, with plans to continue using capital markets to achieve a target of 210,000 BTC by the end of 2027.

Shareholder Considerations

Fully diluted share count is approximately 760 million, resulting in 0.0146 BTC per 1,000 shares.
Increased dilution risks for existing investors as more bonds and shares are issued.

Metaplanet aims to balance capital raises with the risk of impacting its stock price negatively, while continuing its aggressive Bitcoin acquisition strategy.