Metaplanet Expands Bitcoin Treasury to 18,888 BTC with $93M Purchase

Metaplanet, the Tokyo-based firm known for its aggressive Bitcoin accumulation strategy, has expanded its holdings with another major purchase. The company acquired 775 $BTC for roughly $93 million, bringing its total reserves to 18,888 $BTC. The latest addition was secured at an average cost of $120,006 per coin, while its overall portfolio averages $102,653 per $BTC, with a combined value of $1.94 billion.

Since launching its Bitcoin-focused treasury strategy in April 2024, Metaplanet has quickly risen to seventh place globally among corporate Bitcoin holders. Leadership at the firm continues to frame the approach as a long-term conviction play, emphasizing resilience through recurring income streams and a growing Bitcoin income generation business that has now expanded for three consecutive quarters.

Metaplanet’s latest earnings report highlighted strong second-quarter results. Revenue reached 1.2 billion yen ($8.4 million), marking a 41% jump from the previous quarter. The company also swung to profitability, recording a net income of 11.1 billion yen ($75.1 million), compared to a 5 billion yen ($34.2 million) loss in Q1. Looking ahead, the firm projects full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.

Despite the bullish accumulation, investor sentiment has shown signs of caution. Shares of Metaplanet dropped 8.6% to close at 866 yen last Friday but recovered slightly with a 0.6% gain on Monday midday trading. Executives acknowledged market concerns but stressed confidence in the foundation being built, citing the company’s recurring cash-secured-put premiums and its ability to finance future treasury operations.

Bitcoin itself traded at $115,305 early Monday, down about 2% in the past 24 hours.