Metaplanet adds 775 Bitcoin to treasury amid market pullback – CoinJournal
- Simon Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.
- Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.
- With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.
Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 775 BTC for roughly $93 million as part of its ongoing accumulation strategy.
The firm disclosed the latest acquisition on Monday through a post by its president, Simon Gerovich, on X.
Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.
With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.
The firm’s average purchase price now stands at $102,653 per bitcoin.
Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.
The firm is currently the seventh-largest holder of Bitcoin globally, according to Bitcointreasuries data.
In his post announcing the milestone, Gerovich noted the company’s growing treasury position and reaffirmed its commitment to the strategy.
Metaplanet’s Q2 results
The company also released its second-quarter financial results last week.
Total revenue reached 1.2 billion yen ($8.4 million), representing a 41% increase from the previous quarter.
Net income swung to a profit of 11.1 billion yen ($75.1 million), compared to a net loss of 5 billion yen ($34.2 million) in the first quarter.
Metaplanet said it continues to project full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.
The company attributed this outlook to recurring income from cash-secured put premiums and its operational performance.
Metaplanet stock under pressure
Despite the upbeat earnings and treasury expansion, Metaplanet’s stock price fell 8.6% on Friday to close at 866 yen.
On Monday, shares recovered slightly, rising 0.6% around midday in Japan, while markets were still open.
Addressing the recent weakness, Gerovich acknowledged the disappointment among investors but stressed confidence in the company’s long-term approach.
I hear the disappointment in the recent pullback. It’s natural to feel that way. But what gives us conviction is the foundation we are building. Let’s review the milestones we’ve reached together, because over time fundamentals prevail. pic.twitter.com/rw3WNa2FRB
— Simon Gerovich (@gerovich) August 17, 2025
He said the firm’s bitcoin income generation business has expanded for three consecutive quarters, adding that recurring income provides resilience and flexibility to support future financing and treasury operations.
Bitcoin price today
The latest acquisition comes as bitcoin’s price faces volatility.
The world’s largest cryptocurrency touched a new all-time high of $124,474 last Thursday before retreating 4% the same day.
Over the weekend, it traded around the $117,300 level and was slightly lower at the start of the week, nearing key support at $116,000.
If Bitcoin closes below that level, analysts note that the decline could extend toward its 50-day Exponential Moving Average of $115,031.
A further break below could test the next support zone near $111,980.
