Metaplanet Overtakes Cleanspark After $108M Bitcoin Buy

Metaplanet has overtaken Bitcoin mining company CleanSpark to become the 5th largest corporate BTC holder shortly after announcing a bond refinancing strategy to buy more Bitcoin.

In an X post today, Metaplanet said it bought another 1,005 BTC worth $108.1 million.

Metaplanet Bitcoin Treasury Nears $1.5 Billion

With the latest Bitcoin buy, Metaplanet’s holdings now stand at 13,350  BTC, allowing it to overtake Cleanspark with its 12,502 BTC, data from BiTBO shows. 

According to an X post by the firm’s CEO, Simon Gerovich, Metaplanet’s Bitcoin holdings were acquired at an average purchase price of $97,832. The firm has also achieved a BTC yield of 348.8% year-to-date (YTD), he added. 

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

The latest purchase was executed at an average price of $107,601, and has already led to a small profit after BTC posted a minor gain in the last 24 hours to trade at $108,206.98 as of 2:26 a.m. EST. With the market leader’s current price, Metaplanet’s reserves also stand at over $1.44 billion.

Metaplanet Announces $208M In Bonds To Buy More Bitcoin

Metaplanet’s latest Bitcoin buy announcement comes just hours after the firm revealed a bond refinancing strategy to bolster its BTC reserves. 

In another X post today, the company said it will issue 30 billion JPY, valued at $208 million, in 0% ordinary bonds from its EVO fund to buy more Bitcoin. 

More purchases incoming.
追加購入、間もなく。 https://t.co/hw2EX1867J

— Simon Gerovich (@gerovich) June 30, 2025

With that issuance, Metaplanet will also buy back and cancel its third series ordinary bonds worth 1.75 billion JPY, equal to $12 million, which carried an annual interest rate of 0.36%. This means the company has now secured an interest-free loan and cash float to fund additional BTC purchases. 

The company’s stock reacted positively to the new Bitcoin buy and bond refinancing announcements. Google Finance data shows Metaplanet’s stock soared over 10% in the last 24 hours. 

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