Metaplanet Adds 2,823 Bitcoin, Pushes Total Holdings Past 43,000 BTC

Metaplanet purchased 2,823 Bitcoin during the second quarter at an average price of about $88,300 per coin, below its overall average acquisition cost. The purchase lowered the company’s average cost per Bitcoin to roughly $106,500 from $107,700. Metaplanet now holds 43,000 BTC, acquired for a total of about $4.5 billion.

Income Strategy Adds Revenue

The company also reported $10.95 million in revenue during the quarter from its Bitcoin income generation strategy, which earns premiums through cash-secured options and other yield generating methods tied to its holdings.

Purchase Follows Strategy’s Pause

The buy comes shortly after Michael Saylor’s Strategy, the largest corporate Bitcoin holder, skipped its usual weekly purchase while introducing a new capital framework aimed at supporting dividends and building cash reserves. Metaplanet shares rose 3.5% Thursday but remain down 48% year to date, underperforming Bitcoin’s 31% decline over the same period.

Other Companies Scale Back Bitcoin Bets

Not all firms are following Metaplanet’s approach. South Korean company K Wave Media sold its remaining 88 BTC to repay $6 million in debt, exiting its Bitcoin treasury strategy entirely, reversing earlier plans to grow holdings to 10,000 BTC. In May, French semiconductor firm Sequans Communications also said it would gradually monetize its Bitcoin holdings, a move that sent its shares up 14.5%.