Metaplanet Buys The Dip - Securing A Massive Bitcoin Position As Price Stays Below $113,000

"Tokyo-listed Metaplanet has acquired 5,419 Bitcoin worth approximately $632.53 million, making it the world's fifth-largest corporate Bitcoin holder as the Bitcoin price hovers below $113,000. The company purchased the Bitcoin at an average Bitcoin price of $116,724 per coin, according to a disclosure filed with the Tokyo Stock Exchange on Monda y. The acquisition brings Metaplanet's total holdings to 25,555 BTC, acquired for $2.7 billion, with an average cost basis of $106,065 per Bitcoin."

""Please note this purchase is just the first tranche!" Metaplanet's head of Bitcoin strategy, Dylan LeClair, wrote on X (formerly Twitter), referring to the company's recently raised $1.4 billion intended for Bitcoin acquisitions. The purchase positions Metaplanet ahead of Bullish to become the fifth-largest corporate Bitcoin holder globally, trailing only Strategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company. The move comes as corporate Bitcoin treasury operations continue to expand rapidly, with new companies entering the space almost daily."

"The latest acquisition represents significant progress toward Metaplanet's ambitious targets, achieving 85.2% of its year-end 2025 goal of 30,000 BTC and advancing toward its 2026 target of 100,000 coins. The company has demonstrated strong performance metrics, with BTC Yield - a key performance indicator measuring Bitcoin holdings relative to fully diluted shares - reaching 95.6% in Q1 2025 and 129.4% in Q2 2025."

Metaplanet purchased 5,419 BTC for about $632.53 million at an average price of $116,724 per coin, bringing total holdings to 25,555 BTC acquired for $2.7 billion with an average cost basis of $106,065. The purchase used proceeds from an international share offering that raised roughly $1.4 billion, deploying approximately $632.53 million of the $1.25 billion allocated for Bitcoin purchases. The acquisition advances Metaplanet toward its year-end 2025 target of 30,000 BTC (85.2% achieved) and its 2026 target of 100,000 BTC. BTC Yield reached 95.6% in Q1 2025 and 129.4% in Q2 2025. Corporate Bitcoin treasuries now exceed 1 million BTC, about 5% of circulating supply.

Read at Bitcoin Magazine