- Metaplanet purchased 2,205 BTC for approximately $238.7 million.
- The firm’s total bitcoin holdings now stand at 15,555 BTC.
Japan-based Metaplanet has acquired an additional 2,205 BTC, bringing its total bitcoin holdings to 15,555. This purchase further solidifies its position as the fifth-largest publicly listed corporate holder of bitcoin.
The company revealed the acquisition on Monday. It purchased the BTC at an average price of 15.64 million yen per bitcoin, totaling approximately 34.49 billion yen, or $238.7 million. The blended average price across all purchases now stands at 14.52 million yen ($99,985) per bitcoin.
Is Metaplanet Overtaking Its Bitcoin Rivals?
According to recent data, Metaplanet recently surpassed both Tesla and CleanSpark in total BTC held. Tesla currently holds 11,509 BTC, while CleanSpark owns 12,502 BTC. Only MicroStrategy, with 597,325 BTC, remains far ahead on the leaderboard.
Furthermore, CEO Simon Gerovich emphasized on X that the company’s bitcoin strategy continues to drive shareholder value. Last month, Metaplanet declared a new target to accumulate over 210,000 BTC by the end of 2027.
Metaplanet also reported strong financial performance in Q2. Revenue reached 1.1 billion yen ($7.6 million), marking a 42.4% year-over-year increase. This growth reflects rising investor confidence and improved operational efficiency under a bitcoin-standard approach.
In addition, the firm introduced a proprietary metric called BTC Yield. This metric tracks the percentage change in BTC holdings per fully diluted share. For Q2, BTC Yield reached 95.6%, following a 309.8% yield in the previous quarter. It isolates the impact of accretive treasury actions on shareholder value.
Despite the latest buy, Metaplanet’s stock dipped 1.8% on Monday. Still, it has risen 13.9% over the past month and is up 339% year-to-date.
Corporate bitcoin accumulation is gaining momentum globally. MicroStrategy and other firms continue to make significant purchases. Meanwhile, analysts remain cautious about the long-term viability of bitcoin treasury strategies.
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