Metaplanet’s Crypto Caper: $93 Million More in Bitcoin Despite Stock Slump 😂

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The Tokyo-listed Bitcoin treasury firm is doubling down on its crypto bet with another major purchase, much to the delight of its shareholders, who are probably not delighted at all. 🤷‍♂️

  • Metaplanet just bought more Bitcoin worth $93 million, pushing its total to 17,132 BTC. Impressive, but let’s see if they can actually make it pay off.
  • Globally, Metaplanet has slipped from 5th to 7th among public Bitcoin holders. A bit of a fall from grace, wouldn’t you say?
  • The company’s stock is down nearly 40% from this year’s highs. Ouch! That’s a bit of a kick in the teeth for investors.
  • More Japanese firms are adding Bitcoin to their balance sheets. It’s like a trendy new accessory, but for corporations.

Metaplanet has added another 780 Bitcoin (BTC) to its growing treasury, according to a new disclosure published on July 28. The latest purchase, worth about $93 million (13.7 billion Japanese yen), pushes the company’s total holdings to 17,132 BTC. One might wonder if they’re just trying to buy their way out of a stock slump, but hey, who am I to judge? 🤷‍♀️

The acquisition marks one of the firm’s largest monthly buys since commencing its Bitcoin-focused treasury strategy. Its total holdings are now valued at about $1.7 billion, with an average acquisition cost now standing at around ¥14.78 million per BTC, or about $99,200. That’s a lot of zeros, but will it translate into a lot of smiles for shareholders? Only time will tell.

*Metaplanet Acquires Additional 780 $BTC, Total Holdings Reach 17,132 BTC*

— Metaplanet Inc. (@Metaplanet_JP) July 28, 2025

Metaplanet’s 780 BTC purchase is another step in its run to become a long-term Bitcoin powerhouse, with plans to eventually control 1% of the total supply by acquiring 210,000 BTC by 2027. The move also strengthens its lead as Asia’s largest public Bitcoin holder, though one wonders if this is more of a race to the bottom. 🏃‍♂️💨

Globally, however, the firm is slipping in rankings. It now sits at 7th place, down from 5th earlier this year, per Bitcointreasuries data, as more rival firms aggressively expand their own BTC reserves. It seems everyone wants a piece of the Bitcoin pie, and Metaplanet is just trying to keep up with the Joneses. 🥧

Metaplanet also published its BTC Yield metric, the percentage change in Bitcoin holdings per fully diluted share, which came in at 22.5% from July 1 to 28. This marks a sharp slowdown from the 129.4% posted in Q2, and comes as the company’s stock faces broader pressure. It’s a bit like watching a slow-motion car crash, but with more numbers and fewer flames. 🔥🚗

Metaplanet’s stock lags

Metaplanet shares have dropped nearly 40% from this year’s high, even as Bitcoin trades near all-time highs. The stock is now hovering around ¥1,150, its lowest since early June. The drop comes despite the value of its holdings climbing to roughly $1.7 billion, a nearly 20% gain based on the average purchase price of its portfolio. It’s a classic case of “the more you have, the more you lose.” 🙄

As crypto.news previously reported, the drop is likely tied to factors like valuation and dilution, especially as Metaplanet adjusts its share issuance strategy to fund more Bitcoin buys. Investor profit-taking may also be a factor, with recent surges in the stock’s value likely prompting some to cash out. It’s a bit like a game of musical chairs, but with a lot more money and a lot less dignity. 🎶💰

The drop in value also mirrors a broader pullback across Bitcoin treasury stocks. Strategy, for instance, is down about 25% from its highs, even as BTC trades near all-time highs. This suggests the trend isn’t isolated to Metaplanet, and a market rebound could open the door for recovery. Fingers crossed, everyone! 🤞

Meanwhile, another Japan-based firm is already following in Metaplanet’s footsteps.

BTC grows on Japanese balance sheets

Remixpoint, an energy consulting firm also based in Tokyo, has quietly started building its own Bitcoin reserves, aiming to use exposure as a springboard for its next phase of growth. It’s like they’re all trying to jump on the same sinking ship, but with more optimism and less life jackets. 🚢🌊

The company began buying Bitcoin in late 2024 and is targeting at least 3,000 BTC, depending on price and stock performance. Remixpoint also recently made headlines as the first listed firm in the region to pay its CEO’s salary entirely in Bitcoin, signaling its commitment to the strategy. One can only hope the CEO enjoys a good digital wallet. 💻💸

So far, Remixpoint has acquired around 1,051 BTC, part of a broader crypto portfolio now worth about $116 million. It’s a bold move, but whether it’s a smart one remains to be seen. 🤔

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2025-07-28 11:55