The ‘micro strategy’ Metaplanet of Japan doubles its Bitcoin bet with another large purchase.
Summary
- Metaplanet bought 581 BTC for $ 61 million for an average price of $ 118,519 per coin.
- At the end of 2025, the company wants to reach 30,000 BTC on its balance.
- The shares of Metaplanet have fallen by 37% in the midst of a broader market cooldown in the past month.
On August 12, the Tokyo-based Bitcoin (BTC) Treasury company announced the acquisition of an additional 581 BTC, worth around $ 61 million. The purchase was made at an average price of $ 118,519 per BTC, which brought the total interest to 18,113 BTC, with a value of around $ 1.83 billion at current prices.
The last purchase follows a series of purchases in recent months, including 463 BTC last week, because the company goes to its objective to keep 30,000 BTC towards the end of the year.
Since shifting to a Bitcoin-first approach last year, Metaplanet has been transformed from a hospitality company into a listed BTC Treasury company, now arranged as the world’s sixth largest business-bitcoin holder.
Metaplanet CEO Simon Gerovich has drawn up the company’s hinge as a cover against the weakness of Yen and sovereign debt risks, built around a two -stage strategy.
Inside Metaplanet’s Dual phase Bitcoin plan
As Crypto.news reported earlier, the Bitcoin plan of Metaplanet is split into two phases. According to the CEO, the first phase focuses on aggressive Bitcoin accumulation by issuing shares and debt financing, with a long-term vision to ultimately control 1% of the total range of BTC.
“We have to collect as much bitcoin as possible to get to a point where we have reached escape speed and it makes it difficult to catch up with others,” he said.
Phase two will use the company its BTC reserves to secure financing, whereby the proceeds are aimed at acquiring profitable, cash-flowing companies that match its strategy, possibly in digital banking and financial services.
The BTC-Push of Metaplanet strategy style has delivered so far, which supplies the company on the global radar and controls its stock to register highlights. Recent market pressure, however, makes a bearish in the short term prospects.
Metaplanet storage slide
Metaplanet shares have fallen around 37% in the past month and now exchange 55% below the peak of this year. The decrease has withdrawn its market capitalization by 44%, from ¥ 1.14 trillion to around ¥ 638 billion.
The sale is probably fed by taking a profit among investors, especially after his meteroric run this year. On his high June, the shares of Metaplanet had risen by more than 15,000% compared to the LOS points of 2024, making it one of the best performing shares worldwide.
A wider cooldown in Bitcoin Treasury shares is another important motive. MicroStrategy, the OG Bitcoin Corporate Treasury, has fallen by 30% compared to its high, while Mara Holdings and Trump Media have also posted double digits.
Despite the drawing, Metaplanet has been increasing 175% to date. The withdrawal of the appreciation does not seem to have shaken its long -term obligation, with the company recently announced plans to collect another $ 3.7 billion to buy more Bitcoin.
In the meantime, Bitcoin itself has exchanged higher last week, an increase of approximately 3.8%. It climbed shortly above $ 122,000 before it was relaxed at the time of writing to around $ 118,706.