Metaplanet's Bitcoin stockpile exceeds 43,000 BTC following Q2 acquisition of 2,823 coins
The Japanese firm acquired 2,823 Bitcoin in Q2, bringing its average purchase price down to $106,500 per coin, while generating $10.9 million through its Bitcoin income strategy.
Investment firm Metaplanet, based in Japan, purchased 2,823 Bitcoin in the second quarter of the year at a cost lower than its overall average buying price, pushing its total cryptocurrency reserves beyond the 43,000 BTC milestone.
According to an announcement released on Thursday, the firm purchased this most recent batch at an average cost of approximately 12.71 million yen ($88,300), bringing down its overall average acquisition cost to roughly $106,500 per BTC from the previous $107,700.
The company's Bitcoin treasury now stands at 43,000 Bitcoin, representing a total investment of approximately $4.5 billion. Additionally, Metaplanet disclosed that it generated roughly $10.95 million in revenue during the quarter through its Bitcoin income generation strategy, which involves earning premiums by selling cash-secured options and implementing various other yield strategies related to Bitcoin.
This latest acquisition demonstrates Metaplanet's continued aggressive accumulation approach, positioning the firm among the largest corporate holders of Bitcoin globally. The purchase occurred just days after Strategy, led by Michael Saylor and recognized as the largest corporate Bitcoin holder worldwide, paused its typical weekly Bitcoin buying activity while introducing a new capital framework aimed at supporting dividends and expanding its available cash reserves.
Trading activity saw Metaplanet shares finish 3.5% higher on Thursday's close, though the stock continues to struggle with a 48% decline year-to-date, trailing behind Bitcoin's performance, which has experienced a 31% drop during the identical timeframe.
K Wave becomes latest firm to abandon Bitcoin treasury approach
Even as firms like Metaplanet persist in accumulating additional Bitcoin, several treasury companies have begun reducing their cryptocurrency holdings.
South Korean enterprise K Wave Media, which trades on the Nasdaq, liquidated its final 88 BTC holdings to settle $6 million worth of outstanding debt, thereby abandoning its Bitcoin treasury strategy entirely, based on a Tuesday submission to the US Securities and Exchange Commission.
This decision represents a dramatic about-face for the company, which had previously disclosed intentions to grow its Bitcoin holdings to 10,000 BTC following the securing of $1 billion in capital capacity to fuel its Bitcoin treasury initiative in July 2025.
Earlier, on May 28, Sequans Communications, a semiconductor manufacturer headquartered in France, announced its intention to liquidate its remaining Bitcoin portfolio gradually over an extended period. At that juncture, the company possessed 658 BTC, and its stock price experienced an approximately 14.5% increase in the aftermath of the announcement.