Metaplanet Overtakes CleanSpark with $108M Bitcoin Purchase

Japanese Bitcoin treasury firm Metaplanet has officially surpassed mining company CleanSpark to become the fifth-largest corporate holder of Bitcoin. This milestone follows Metaplanet’s latest acquisition of 1,005 BTC valued at $108 million.

The firm’s total holdings now stand at 13,350 BTC, acquired at an average price of $97,832 per coin, totaling roughly $1.31 billion in investments. At present market rates, this treasury is valued at approximately $1.45 billion.

In comparison, CleanSpark holds 12,502 BTC, according to BiTBO. Metaplanet has now surpassed the Bitcoin treasuries of giants like Tesla, Hut 8, Coinbase, and Block Inc., and only trails Strategy, Marathon Digital, Twenty-First Capital, and Riot Platforms.

Metaplanet CEO Simon Gerovich disclosed that the average cost per coin for the new purchase was $107,601, resulting in an impressive 349% year-to-date BTC yield.

$208 Million in Bonds Issued for Future Bitcoin Buys

Metaplanet’s aggressive Bitcoin strategy continues as it announced a bond refinancing move to fund further acquisitions. The company issued 30 billion yen ($208 million) in 0% ordinary bonds through its EVO fund, earmarked specifically for purchasing more BTC.

As part of this initiative, Metaplanet will also repurchase and cancel its third-series bonds worth 1.75 billion yen ($12 million), which had an interest rate of 0.36%, effectively securing an interest-free loan for additional BTC investments.

“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 official disclosure revealed.

Stock Surges 9% as Bitcoin Target Increases

Earlier in June, Metaplanet significantly raised its Bitcoin target from 21,000 BTC to 100,000 BTC by 2026. The firm also unveiled its ambitious goal to raise $5.4 billion and acquire 210,000 BTC by 2027—a move that would position it as the second-largest corporate Bitcoin holder in the world, assuming current rankings hold.

Following the announcement, Metaplanet shares on the Japanese stock market surged by 9% on Monday. According to Google Finance, the company’s stock has soared over 350% since the start of 2025.

Saylor Teases Another Strategy Buy

Meanwhile, Strategy founder Michael Saylor hinted at another potential Bitcoin acquisition over the weekend. Known for his cryptic Sunday posts, Saylor shared a portfolio chart with the caption:

“In 21 years, you’ll wish you’d bought more.”

To which Simon Gerovich responded:

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

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