Japan-based company Metaplanet made headlines in May 2025 with a bold move to acquire an additional 1,271 bitcoins, spending $126.7 million at an average price of $102,111 per bitcoin. The acquisition was funded by proceeds from a recently issued $25 million bond offering with zero interest. This brings their total Bitcoin reserve to 6,796 units, with a combined investment exceeding $608.2 million at an average cost of $89,492 per Bitcoin. CEO Simon Gerovich attributes this strategy’s success – a 170% return over the past year – and points to its strong performance in comparison to other pioneering institutional acquisitions like those by MicroStrategy in the U.S.