Key Insights
- Metaplanet bought 2,823 BTC, bringing the company’s treasury to 43,000 BTC.
- The company’s expenses on the day totaled approximately ¥35.89 billion ($222.6 million) at an average exchange rate of ¥12.71 million per BTC.
- The latest acquisition is part of a broader approach involving acquiring Bitcoin, generating yield and providing regulated financial services.
Japan-based Bitcoin treasury Metaplanet has acquired an additional 2,823 Bitcoin, raising the number of BTC in its corporate hands to 43,000.
The acquisition strengthens the firm’s position among the world’s largest publicly traded Bitcoin holders and highlights its continued commitment to expanding its digital asset treasury.
The company announced the purchase on July 2 alongside its second-quarter fiscal 2026 update. It said the latest acquisition formed part of its Bitcoin Income Generation business, which combines treasury accumulation with options-based yield strategies to improve long-term capital efficiency.
Steady Bitcoin purchases strengthen treasury strategy
The latest purchase cost approximately ¥35.89 billion, equivalent to about $222.6 million. The company acquired the Bitcoin at an average price of ¥12.71 million, or roughly $78,835, per coin.
The purchase marked Metaplanet’s first reported Bitcoin acquisition since April. It also increased total holdings from 40,177 BTC at the end of the first quarter to exactly 43,000 BTC by the close of June.
The company said it has now invested approximately ¥659.26 billion, or $4.08 billion, to build its Bitcoin treasury. Its average acquisition cost across all holdings stands at about ¥15.33 million per Bitcoin.
During the second quarter, the company also generated approximately ¥1.75 billion in revenue through its Bitcoin Income business. After accounting for that income, the effective acquisition cost of the newly purchased Bitcoin fell to roughly ¥34.14 billion.
Metric Value
Latest purchase: 2,823 BTC
Purchase value: ¥35.89 billion
Approximate purchase value: $222.6 million
Average purchase price: ¥12.71 million per BTC
Total Bitcoin holdings: 43,000 BTC
Total investment: ¥659.26 billion
Average cost basis: ¥15.33 million per BTC
The company also reported a BTC Yield of 6.6% during the quarter. That metric measures Bitcoin growth relative to the company’s fully diluted share count and reflects shareholder exposure to Bitcoin over time.
Expansion moves extend beyond Bitcoin accumulation
While Bitcoin remains the firm’s primary focus, Metaplanet continues expanding its broader digital asset business.
In June, the company completed the acquisition of Siiibo Securities, a regulated brokerage in Tokyo, for about ¥2.1 billion, or $13.1 million. The business will operate as Metaplanet Securities under Project Nova.
Project Nova is focused on developing financial products based on Bitcoin, such as tokenized securities and Bitcoin-linked bonds. The expansion reflects the company’s strategy to build regulated digital asset services alongside its treasury operations.
The company also confirmed it issued no new common shares during June through the exercise of outstanding warrants. It completed no share repurchases during the month, although nearly 95 million potential shares remain available through existing stock acquisition rights.
Earlier financial results also showed how central Bitcoin has become to the company’s business. Fiscal 2025 revenue increased 738% to ¥8.9 billion, while Bitcoin-related operations generated approximately 95% of total revenue. Operating profit rose more than 1,690% year over year, although unrealized Bitcoin valuation losses produced a net loss for the reporting period.
Corporate Bitcoin competition continues to intensify
The latest purchase keeps Metaplanet among the most active corporate Bitcoin buyers globally as institutional treasury strategies continue evolving.
According to Bitcoin Treasuries.net, public companies collectively added nearly 9,000 BTC during June. Strategy led corporate purchases with 3,625 BTC, while Strive accumulated 3,364 BTC. MARA Holdings added another 1,000 BTC.
Several companies moved in the opposite direction. Fold Holdings reduced its Bitcoin position by approximately 634 BTC, while Nakamoto Inc. and Hive Digital also trimmed their reserves.
The latest purchase also comes shortly after Strategy paused its regular Bitcoin buying while introducing a revised capital framework designed to strengthen liquidity and support future financing activities.
Although Metaplanet still trails Strategy in total Bitcoin holdings, its pace of accumulation continues placing it among the industry’s fastest-growing corporate treasury operators. The company has also stated its long-term objective of accumulating 210,000 BTC by the end of 2027.
Conclusion
The recent Bitcoin acquisition appears to be a testament to Metaplanet’s long-term treasury strategy, despite the evolving dynamics of the market and the increased number of corporate Bitcoin holders. Its ability to accumulate Bitcoins, generate yields, and offer regulated financial services still sets it apart from a lot of publicly listed counterparts.
For more listed companies, the use of Bitcoin reserves is expanding, and the corporate treasury strategies are increasingly competitive. As institutional investors switch to different funding models and capital allocation strategies, Metaplanet’s latest acquisition confirms that the demand for Bitcoin is still alive in the institutional space.
