Metaplanet's Bitcoin Bet: Holdings Surge to 18,888 BTC
Metaplanet Expands Bitcoin Holdings to 18,888 BTC After $93M Buy
Metaplanet has increased its Bitcoin holdings to 18,888 BTC, valued at approximately $2.2 billion, after purchasing an additional 775 BTC for $93 million. This strategic move is solidifying its position in the Asian market.
The Tokyo-listed investment firm acquired the additional Bitcoin at an average price of $120,006 per coin. President Simon Gerovich announced the milestone on X, stating, “18,888 BTC. Onward and upward.”
Comparing to MicroStrategy
Metaplanet's average acquisition price is now around $102,653 per Bitcoin, with a total investment of nearly $1.94 billion since April of last year.
This aggressive strategy mirrors that of MicroStrategy, led by Michael Saylor, with Bitcoin serving as a core treasury asset.
Prior to this purchase, Metaplanet acquired 463 BTC for $53 million on August 4 and 518 BTC for $61.4 million on August 12. The company ranks seventh globally in Bitcoin holdings, according to Bitcointreasuries data.
Inspiring Regional Companies
Metaplanet's actions are influencing other companies in Asia. WiseLink, a Taiwanese company, has committed $10 million to Top Win International. Similarly, South Korea’s K Wave Media is partnering with Galaxy Digital to build its Bitcoin reserves. Singapore’s Genius Group has increased its BTC target from 1,000 to 10,000 BTC.
Strongest Quarter in Company History
Metaplanet's focus on Bitcoin has driven strong financial performance. The company reported its best-ever quarterly results in Q2, with revenue up 41% to $8.4 million and gross profit up 38% to $5.5 million. Net income reached $75.1 million, reversing a $34.2 million loss in Q1. 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.
Gerovich called it “the best performance in company history.”
Market Reaction and Stock Performance
Despite the strong results, Metaplanet’s stock (MTPLF) experienced an 8.6% drop, closing at 866 yen on Friday in Japan, before edging up 0.6% by midday on Monday. Gerovich acknowledged investor concerns, noting the pullback was natural and emphasizing that recurring Bitcoin income supports further accumulation and provides financial flexibility.
The Road Ahead
Metaplanet forecasts full-year revenue of 3.4 billion yen and an operating profit of 2.5 billion yen. Recurring income from cash-secured put premiums and operational gains will continue to fuel Bitcoin purchases.
Gerovich stated, “What gives us conviction is the foundation we are building.” The company has nearly $2 billion invested in BTC and shows no signs of slowing down.