Metaplanet's Bitcoin Treasury Hits 18,888 BTC with Latest Buy

Metaplanet disclosed Monday that it bought another 775 BTC for about $93 million, bringing its total holdings to 18,888 BTC. The company, which launched its bitcoin strategy in April 2024, now ranks seventh globally among corporate holders.
What’s the Scoop?
- New Buy: Metaplanet purchased 775 BTC at an average price of $120,006 each, pushing its total stash to 18,888 BTC.
- Valuation: The holdings are now worth about $2.2 billion, acquired at a total cost of $1.94 billion with an average buy-in of $102,653.
- Earnings Upswing: The firm reported Q2 revenue of $8.4 million, up 41% quarter-on-quarter, with net income swinging to a $75.1 million profit from a $34.2 million loss in Q1.
- Stock Moves: Despite strong earnings, Metaplanet’s stock fell 8.6% on Friday but edged up 0.6% midday Monday in Tokyo.