Japanese investment firm Metaplanet acquired 2,823 Bitcoins at a price below the average purchase price in the second quarter as its holdings exceeded 43,000 BTC.
According to Thursday’s report, the company acquired its latest treasures at an average price of about 12.71 million yen ($88,300), reducing the average acquisition cost to about $106,500 per BTC from $107,700. announcement.
Metaplanet currently holds 43,000 Bitcoins purchased for approximately $4.5 billion. It also reported about $10.95 million in revenue from its Bitcoin income-generating strategy this quarter, which earns premiums by selling cash-secured options and pursuing other Bitcoin-related profit strategies.
The purchase continues Metaplanet’s aggressive accumulation strategy, which has seen the company become one of the largest holders of corporate bitcoin in the world. The acquisition comes days after Michael Saylor Strategy, the world’s largest corporate holder of Bitcoin, skipped its usual weekly Bitcoin purchase while unveiling a novel capital framework designed to support dividends and raise cash reserves.
Metaplanet notification of additional Bitcoin purchases. source: Metaplaneta
Metaplaneta shares Closed It rose 3.5% on Thursday, but is still down 48% year-to-date, underperforming Bitcoin, which is down 31% over the same period.
K Wave is the latest company to emerge from the Bitcoin treasury strategy
While companies like Metaplanet continue to buy more Bitcoin, several treasury companies are limiting their exposure.
Nasdaq-listed South Korean company K Wave Media sold its remaining 88 BTC to pay off $6 million in debt, exiting its Bitcoin treasury strategy, according to a report Tuesday filing with the US Securities and Exchange Commission.
K Wave Media, FORM F-3 filing. Source: SEC.gov
The move marked a keen turnaround from the company’s previous performance announced plans to expand its holdings to 10,000 BTC after securing $1 billion in capital to pursue its Bitcoin treasury strategy in July 2025.
Related: Swan’s Cory Klippsten sees record supply of Bitcoin holders revealing an early bottom
On May 28, French semiconductor company Sequans Communications said it would, over time, start making money on its remaining Bitcoin holdings. The company held 658 BTC at the time, and shares rose by approximately 14.5% following the announcement.
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