- Metaplanet lifts bitcoin holdings to 18,991 BTC with $11.6M purchase, stock rises 8%.
- Coinbase CEO Brian Armstrong projects bitcoin could hit $1M by 2030, citing regulation and adoption.
Metaplanet, a Tokyo-based bitcoin treasury company, has increased its holdings with the purchase of 103 BTC worth $11.6 million. The buy was completed at an average price of $113,491 per coin, taking the firm’s total position to 18,991 BTC. In total, the company has invested about $1.95 billion at an average cost of $102,712 per bitcoin.
Before this latest move, Metaplanet had purchased 775 BTC for around $93 million. That transaction showed the company’s ongoing accumulation strategy, launched in April 2024, which has now made it the seventh-largest public bitcoin holder.
Saylor’s Signal and Market Activity
The company’s disclosure followed a statement from Strategy founder Michael Saylor, who wrote on X that “Bitcoin is on Sale.” The post came as Strategy confirmed it had added 430 BTC worth $51.4 million, after acquiring 775 BTC just days earlier. Strategy’s total now stands at 629,376 BTC, close to 3% of circulating supply.
Market watchers noted the timing between Strategy’s buys and Metaplanet’s additions. This has led to speculation that Metaplanet may be following a structured, possibly weekly, purchase approach for its bitcoin treasury.
Stock Gains and FTSE Upgrade
Following the announcement, Metaplanet’s stock rose more than 8% to 904 yen. The company’s shares remain down nearly 27% for the month but are up about 148% since January. Investors continue to view its bitcoin strategy as a core part of the firm’s market position.
At the same time, Metaplanet confirmed its inclusion in the FTSE Japan Index. The company has moved from small-cap to mid-cap status. President Simon Gerovich said the development marked “another important milestone on our journey as Japan’s leading bitcoin treasury company.”
Metaplanet has reported strong returns from its strategy. In the first quarter of 2025, its bitcoin yield was 95.6%. By late August, the figure for that period was 29.1%, while the second quarter showed 129.4%. These numbers reflect profitable entry points despite volatility in the wider market.
Bitcoin itself traded near $112,000 after dipping to $110,000 over the weekend. The muted response contrasted with Metaplanet’s stock performance.
Broader sentiment toward bitcoin remains supported by steady institutional buying and optimistic projections. Eric Trump recently described himself as a “Bitcoin Maxi,” forecasting that the cryptocurrency could reach $175,000 before the end of 2025.
As BTCDaily reported, Coinbase chief executive Brian Armstrong said on the Cheeky Pint podcast with Stripe president John Collison that bitcoin could reach $1 million by 2030, citing “regulatory progress in the United States and growing adoption” as key drivers.
In this video, we discuss the reasons behind Bitcoin’s price drop to $112,000.
