Overview

• Metaplanet’s purchase of 775 BTC for about $93 million at an average price of $120,006 boosts its total reserves to 18,888 BTC worth roughly $1.94 billion.
• Bitcoin slipped roughly 2.3% to near $115,000 after traders linked the pullback to profit-taking and the largest reactivation of long-dormant coins in over a year.
• The company has acquired about 5,556 BTC so far in Q3, funding purchases with equity issuances, debt instruments and stock acquisition rights under its proprietary BTC Yield framework.
• CEO Simon Gerovich reiterated the 210,000 BTC target by 2027 and signaled further acquisitions in an X post proclaiming “18,888 BTC. Onward and upward.”
• Market observers warn that ongoing supply reactivations and Metaplanet’s aggressive fundraising will keep Bitcoin’s price volatile in the coming months.