Metaplanet Resumes Bitcoin Buying With 2,823 BTC Purchase

TLDR

• Metaplanet acquired 2,823 BTC during the second quarter and increased its total Bitcoin holdings to 43,000 BTC.
• The company still needs to acquire 57,000 BTC to achieve its target of holding 100,000 BTC by the end of 2026.
• Metaplanet generated $10.95 million from its Bitcoin Income Generation activities and lowered its effective acquisition cost during the quarter.
• The company also agreed to acquire Siiibo Securities as part of its broader Bitcoin-focused financial expansion strategy in Japan.

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Metaplanet resumed Bitcoin purchases, acquiring 2,823 BTC after a three-month pause following its planned quarterly accumulation strategy and reporting schedule. The company completed its second-quarter accumulation and raised holdings to 43,000 BTC by June 30 through disciplined treasury execution. It still needs 57,000 more BTC before meeting its 2026 treasury target under the announced long-term accumulation roadmap and objectives.

Treasury Expansion Continues After Quarterly Pause

Metaplanet spent 35.89 billion yen on the purchase during the quarter using available treasury resources and planned capital allocation. The average price exceeded 12.7 million yen per coin across all completed Bitcoin purchases during the reported period. Consequently, total holdings reached 43,000 BTC, up from 40,177 BTC recorded earlier, after completing the second-quarter buying program.

Metaplanet lowered its average acquisition cost to 15.3 million yen per Bitcoin after completing the latest purchases during the quarter. Previously, the average stood at 15.5 million yen per unit before the latest treasury purchases reduced overall acquisition costs. Overall spending reached 659 billion yen across the treasury since launching the company’s Bitcoin Treasury Operations program.

Bitcoin Income Generation activities produced $10.95 million during the quarter through treasury-related operations and structured income generation initiatives. Revenue totaled about 1.747 billion yen before purchase offsets under the company’s reported quarterly financial performance. Therefore, effective acquisition cost declined to 34.14 billion yen overall after deducting reported income from quarterly Bitcoin purchases.

Long-term Bitcoin Target Remains Challenging

Metaplanet aims to hold 100,000 BTC before the end of 2026 through continued treasury expansion and disciplined capital deployment. Therefore, the company must acquire 57,000 additional BTC within the remaining months to satisfy its stated accumulation objective. Current holdings leave a sizable gap despite recent accumulation and steady progress during the latest reporting quarter.

Metaplanet shares have fallen nearly 49% year-to-date despite continued Bitcoin accumulation and expanding treasury holdings throughout the current year. Market performance has lagged treasury expansion throughout 2026 despite continued operational execution and reported Bitcoin purchases. However, management continued executing its Bitcoin strategy without interruption despite weaker market sentiment surrounding company shares.

Executives linked treasury growth with long-term corporate plans supporting broader financial services expansion across Japan through future initiatives. The company maintained accumulation despite weaker share performance while continuing its stated treasury strategy and operational priorities.

Acquisition Supports Broader Financial Strategy

Metaplanet agreed to acquire Siiibo Securities for about $13 million through its first major corporate acquisition under Project Nova. The transaction should close in July, following regulatory procedures and the completion of remaining corporate requirements. Afterwards, the firm will operate as Metaplanet Securities following the announced corporate rebranding and ownership transition.

Management called the acquisition its first major corporate purchase supporting wider financial infrastructure development within Japan’s digital asset market.

The initiative seeks a Bitcoin-focused financial ecosystem nationwide through integrated financial services and future business development opportunities.

Metaplanet confirmed ongoing treasury operations after the quarter ended while maintaining its published long-term accumulation strategy without changes. The latest disclosure outlined capital deployment and strategic expansion alongside updated treasury performance and acquisition cost metrics. Metaplanet finished the quarter with clearer progress toward its 2026 objective despite requiring substantial additional Bitcoin purchases ahead.

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