Japanese investment firm Metaplanet acquired 2,823 Bitcoin during the second quarter at an average price of approximately $88,300 per coin, according to a July 2 regulatory filing. The purchase pushed the company's total holdings past 43,000 BTC and lowered its average acquisition cost to roughly $106,500 from $107,700. The acquisition came days after Strategy, the world's largest corporate Bitcoin holder, paused its usual weekly purchases while unveiling a new capital framework, making Metaplanet's continued buying notable as it suggests the Tokyo-listed firm views current prices as an accumulation opportunity.
Metaplanet Lowers Average Bitcoin Cost to $106,500 Through Q2 Purchase
Metaplanet now holds 43,000 BTC acquired for approximately $4.5 billion in total. The average purchase price of $88,300 per coin during the second quarter sits below both the company's overall cost basis of $106,500 and Bitcoin's current trading price near $60,000. The company is buying into a declining market and averaging down its position.
Metaplanet Stock Down 48% Year-to-Date Despite Record Holdings
Metaplanet shares closed 3.5% higher following the announcement but remain down 48% year-to-date, according to Yahoo Finance data. Bitcoin has fallen roughly 31% over the same period. The gap between the stock's decline and the underlying asset's performance suggests investors are pricing in execution risk around the company's leverage-heavy accumulation model.
K Wave Media and Sequans Exit Bitcoin Treasury Positions
Nasdaq-listed K Wave Media exited its Bitcoin treasury entirely this week, filing with the SEC to sell all 88 BTC and repay $6 million in debt. The South Korean company had previously announced plans to expand its holdings to 10,000 BTC after securing $1 billion in capital capacity in July 2025. France-based Sequans Communications said in May it would monetize its remaining 658 BTC over time.
Metaplanet Reports $10.95 Million Revenue from Options Strategy
Metaplanet reported approximately $10.95 million in revenue from its Bitcoin income generation strategy during the quarter. That strategy earns premiums by selling cash-secured options and employing other yield-generating approaches on its holdings. The company is now the second-largest publicly traded Bitcoin holder behind Strategy, which holds more than 500,000 BTC.
FAQ
What did Metaplanet acquire during the second quarter?
Metaplanet acquired 2,823 Bitcoin during the second quarter at an average price of approximately $88,300 per coin, according to a July 2 regulatory filing. The purchase lowered the company's average acquisition cost to roughly $106,500 from $107,700.
How has Metaplanet's stock performed compared to Bitcoin in 2025?
Metaplanet shares remain down 48% year-to-date, while Bitcoin has fallen roughly 31% over the same period. The stock closed 3.5% higher following the announcement of the Q2 Bitcoin purchase.
Which companies have exited their Bitcoin treasury positions recently?
Nasdaq-listed K Wave Media filed with the SEC to sell all 88 BTC and repay $6 million in debt. France-based Sequans Communications said in May it would monetize its remaining 658 BTC over time.
