In a bold display of crypto-fueled momentum, Japanese investment firm Metaplanet (TSE: 3350) has reported a first-quarter operating profit of 592 million yen (approx. $4 million), powered almost entirely by its expanding Bitcoin strategy.
The company posted 877 million yen in total revenue, with a striking 88% derived from Bitcoin option premium harvesting—an increasingly popular yield-generating tactic among BTC-heavy portfolios. With Bitcoin trading above $103,000, Metaplanet’s ability to convert crypto exposure into consistent cash flow is standing out.
But it’s the scale—and speed—of its accumulation that’s turning heads.
In just three months, Metaplanet added over 5,000 BTC to its reserves, bringing its total holdings to 6,796 BTC. That puts the firm more than two-thirds of the way to its 10,000 BTC target, announced just over four months ago on April 8, 2024, when the company adopted a Bitcoin standard.
This rapid accumulation has catapulted Metaplanet to the 11th spot globally among public companies holding Bitcoin—making it the largest BTC-holding firm in Asia and pushing past El Salvador’s nationally held reserves.
To finance the buildup, Metaplanet employed a multi-pronged capital strategy: issuing bonds, selling equity, and deploying innovative moving-strike stock warrants that only activate as share prices rise. Through this hybrid approach, the company raised 86.1 billion yen—making it the largest public equity issuer in Japan so far in 2025.
The firm’s “BTC Yield” metric, which tracks Bitcoin per fully diluted share, has surged 170% year-to-date, underscoring the financial efficiency of its aggressive crypto pivot.
Shares in Metaplanet slipped 2.47% in the most recent trading session to 593 yen, but remain up 65.8% on the year—far outpacing Bitcoin’s 8.45% rise over the same period.
By betting big on Bitcoin and executing with precision, Metaplanet is fast becoming a poster child for corporate crypto strategy in Asia—and a case study in how digital assets can drive real-world profitability.
