Metaplanet has increased its Bitcoin holdings after purchasing an additional 2,823 BTC, bringing its total treasury to 43,000 BTC. Despite this expansion, the company still needs to acquire 57,000 more Bitcoin to achieve its target of holding 100,000 BTC by the end of 2026.
The latest acquisition marks Metaplanet’s first major Bitcoin purchase in three months and completes its second quarter accumulation under its ongoing Bitcoin treasury strategy.
The company spent 35.89 billion yen, equivalent to approximately $222 million, on the latest purchase, with an average acquisition cost of more than 12.7 million yen per Bitcoin. This increased its holdings from 40,177 BTC at the end of March to 43,000 BTC by June 30.
Lower Purchase Price Improves Cost Basis
According to the company’s official statement, the lower average purchase price during the quarter helped reduce Metaplanet’s overall average acquisition cost from 15.51 million yen to 15.3 million yen per Bitcoin.
In total, Metaplanet has invested 659 billion yen to build its Bitcoin treasury of 43,000 BTC.
The company also reported strong revenue from its Bitcoin income generation activities, earning approximately $10.95 million, or 1.747 billion yen, during the quarter.
After accounting for this revenue, Metaplanet’s effective acquisition cost dropped to 34.14 billion yen, translating to around 12.093 million yen per Bitcoin.
Expansion Continues Despite Stock Decline
Although Metaplanet continues to aggressively expand its Bitcoin reserves, its stock performance has struggled this year. The company’s shares have fallen nearly 49 percent since the start of the year.
Beyond Bitcoin accumulation, Metaplanet is also expanding its presence in the financial sector. The company recently announced plans to acquire SBI Securities in a deal valued at approximately $13 million. The transaction is expected to close in July, after which the firm will be rebranded as Metaplanet Securities.
Simon Gerovich described the acquisition as the company’s first major strategic purchase and a key milestone under Project Nova, its long term initiative aimed at building a Bitcoin focused financial ecosystem in Japan.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
