Metaplanet Overtakes Cleanspark with Record Bitcoin Purchase

Metaplanet has overtaken Cleanspark to become the fifth-largest corporate Bitcoin holder after purchasing an additional 1,005 BTC for $108 million. This purchase increased its total holdings to approximately 13,350 BTC, acquired at an average price of about $97,832 per Bitcoin, with a current market value of roughly $1.45 billion. Cleanspark holds 12,502 BTC, placing it behind firms like Tesla, Hut 8, Coinbase, and Block Inc., and only ahead of Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms.

The CEO of Metaplanet, Simon Gerovich, stated that the average purchase price was $107,601 per Bitcoin, and the company has achieved a year-to-date BTC yield of 349%. This recent acquisition follows a strategic bond refinancing plan, where the company issued 30 billion yen ($208 million) in 0% interest bonds from its EVO fund to fund further Bitcoin purchases. Additionally, Metaplanet plans to buy back and cancel existing bonds worth 1.75 billion yen ($12 million), which had an interest rate of 0.36%, effectively securing an interest-free loan for more Bitcoin.

Funds from the bond issuance will be partly used for bond buyback and cancellation, with the remainder allocated for Bitcoin purchases. Earlier this month, the company revised its accumulation goal to hold 100,000 BTC by 2026, up from its previous target of 21,000 BTC, and announced plans to raise $5.4 billion to acquire 210,000 BTC by 2027, potentially making it the second-largest corporate Bitcoin holder globally. The company's stock responded positively, jumping 9% in Japan, with shares increasing over 350% since early 2025.