Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings
Metaplanet bought 2,823 Bitcoin in Q2 at an average price of about $88,300 each, lowering its average BTC cost to roughly $106,500 from $107,700. Its total holdings now stand at 43,000 BTC, worth about $4.5 billion at purchase cost. The company also reported about $10.95 million in quarterly revenue from its Bitcoin income-generation strategy, which uses cash-secured options and other yield tactics. The purchase reinforces Metaplanet’s aggressive accumulation plan, keeping it among the largest corporate Bitcoin holders. Its shares rose 3.5% on Thursday but remain down 48% year to date. Meanwhile, some companies are reducing BTC exposure: K Wave Media sold its remaining 88 BTC to repay debt, and Sequans Communications said it will gradually monetize its holdings.
