Metaplanet, a Tokyo-based bitcoin treasury firm, has acquired 775 more BTC for approximately $93 million, bringing its total bitcoin holdings to 18,888 BTC.
This purchase comes as part of the company’s ongoing accumulation strategy, launched in April 2024.
Acquisition details and financial impact
Metaplanet’s president, Simon Gerovich, announced on X that the company’s average purchase price for this latest tranche was $120,006 per bitcoin, totaling $1.94 billion spent overall at an average of $102,653 per coin. Gerovich stated:
“18,888 BTC. Onward and upward.”
With this acquisition, Metaplanet now ranks as the seventh-largest bitcoin holder globally, according to industry data.
Up-to-date information on Metaplanet’s current and historical reserves can be found on the Metaplanet bitcoin treasury tracker.
Earnings and income generation
The company posted strong second-quarter results, reporting 1.2 billion yen ($8.4 million) in revenue—a 41% increase quarter-on-quarter—and net income of 11.1 billion yen ($75.1 million), a reversal from a loss in the previous quarter.
Metaplanet projects full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen, supported by recurring cash-secured-put premiums and operational performance.
Gerovich highlighted the firm’s growing bitcoin income generation business, noting its expansion for three consecutive quarters.
Market response and outlook
Despite these positive developments, Metaplanet’s stock declined 8.6% to close at 866 yen on Friday but recovered slightly on Monday.
Addressing shareholder concerns, Gerovich emphasized the company’s long-term conviction and the resilience provided by recurring income.
For more details on corporate and institutional bitcoin reserves, see the full bitcoin treasury list.
