Metaplanet Expands Bitcoin Holdings to 18,888 BTC After $93M Buy


Metaplanet Expands Bitcoin Holdings to 18,888 BTC After M Buy


Metaplanet adds 775 BTC worth $93M, lifting total holdings to 18,888 BTC ($2.2B) as its Bitcoin strategy shapes Asia’s market trend.

Metaplanet has ramped up its position as one of the biggest corporate Bitcoin holders. 

The Tokyo-listed investment firm revealed that it purchased an additional 775 BTC for $93 million at an average cost of $120,006 per coin. This move lifted its total Bitcoin holdings to 18,888 BTC, worth approximately $2.2 billion at current market prices.

President Simon Gerovich shared the news on X, stating, “18,888 BTC. Onward and upward.” 

Comparing Metaplanet to MicroStrategy

This purchase has pushed Metaplanet’s average acquisition price to around $102,653 per Bitcoin. So far, the company has spent nearly $1.94 billion on its accumulation strategy since April of last year.

Metaplanet’s aggressive BTC buying strategy has often been compared to MicroStrategy, the US-based firm led by Michael Saylor. Like Saylor’s company, Metaplanet sees Bitcoin as its core treasury asset.

Just weeks before the latest buy, Metaplanet bought 463 BTC for $53 million on August 4 and 518 BTC for $61.4 million on August 12. These buys have helped it rank seventh globally among Bitcoin-holding companies, according to Bitcointreasuries data.

Metaplanet BTC Push Inspires Regional Companies

Metaplanet’s actions are influencing companies across Asia to consider similar moves. Recently, Taiwan’s WiseLink committed $10 million through a convertible note to Nasdaq-listed Top Win International. 

Similarly, South Korea’s K Wave Media partnered with Galaxy Digital to build its Bitcoin reserves. Singapore’s Genius Group also raised its target from 1,000 BTC to 10,000 BTC, which shows its adoption of BTC-focused treasury management in Asia.

These examples show how Metaplanet’s strategy could speed up a corporate Bitcoin race in the region.

Strongest Quarter in Company History

Metaplanet’s BTC focus has also boosted its financial performance. The company posted its best-ever quarterly results in Q2.

Particularly, revenue jumped 41% quarter-on-quarter to $8.4 million. Gross profit rose 38% to $5.5 million. Net income reached $75.1 million and reversed a $34.2 million loss in Q1. Finally, ordinary profit surged to $117.8 million from a $46.7 million loss in the prior quarter.

The company also recorded a 468% year-to-date Bitcoin yield, which shows both rising BTC prices and effective treasury management. 

Gerovich called it “the best performance in company history.”

Market Reaction and Stock Performance

Despite the strong results, Metaplanet’s stock has faced quite a few headwinds. Shares closed at 866 yen on Friday in Japan, and marked an 8.6% drop. By midday on Monday, the stock edged up 0.6%.

Gerovich acknowledged investor concerns and noted that the recent pullback was natural. 

However, he pointed out that the company’s recurring Bitcoin income supports further accumulation. He explained that this income stream also provides flexibility for future financing.

The Road Ahead for Metaplanet

Looking forward, Metaplanet predicts that it will have a full-year revenue of 3.4 billion yen and an operating profit of 2.5 billion yen. Moreover, its recurring income from cash-secured put premiums and operational gains continues to support its Bitcoin buys.

While Bitcoin’s price fell 2.1% in the past 24 hours to $115,305, Metaplanet has been unfazed so far. 

Gerovich summed it up by saying, “What gives us conviction is the foundation we are building.” The company has nearly $2 billion already invested in BTC, and is showing no signs of slowing down.

The post Metaplanet Expands Bitcoin Holdings to 18,888 BTC After $93M Buy appeared first on Live Bitcoin News.





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