Overview

• Metaplanet purchased 775 BTC for about $93 million, boosting its holdings to 18,888 BTC valued at roughly $1.94 billion with an average acquisition cost near $102,653 per coin.
• An on-chain transfer of 31,967 BTC from three- to five-year-old wallets, the largest in over a year, coincides with bitcoin’s price pullback to about $115,000.
• In its second quarter, the company reported revenue of 1.2 billion yen and net income of 11.1 billion yen, reversing a loss from the previous quarter.
• The firm’s bitcoin assets of about $2.18 billion substantially exceed its roughly $120 million in outstanding bonds, creating an over-collateralization ratio near 18.7 times.
• Metaplanet is targeting 30,000 BTC by the end of 2025 and 210,000 BTC by 2027 and has filed to raise 555 billion yen through bitcoin-backed preferred shares.