- Metaplanet buys 775 BTC at $120K each, bringing its total to 18,888 BTC worldwide.
- Quarterly profit hits $75M as firm expands bitcoin income and ramps up treasury strategy.
Metaplanet, a Japan-based bitcoin treasury firm, has purchased an additional 775 BTC for around $93 million, continuing its accumulation of the digital asset. The announcement was made by company president Simon Gerovich on Monday via X (formerly Twitter). The average purchase price for the latest acquisition was $120,006 per bitcoin.
Meanwhile, this brings Metaplanet’s total bitcoin holdings to 18,888 BTC, with a total cost basis of approximately $1.94 billion. The company’s average purchase price across all holdings now stands at $102,653 per BTC.
18,888 BTC.
Onward and upward.
前進、そして飛躍。 pic.twitter.com/T3lHL7B1HU— Simon Gerovich (@gerovich) August 18, 2025
According to data from Bitcointreasuries.net, Metaplanet now ranks seventh globally among public and private entities in terms of bitcoin ownership.
Revenue and Profit Turn Positive in Q2
Metaplanet reported a 41% increase in revenue during the second quarter, reaching 1.2 billion yen (approximately $8.4 million). The company also returned to profitability, posting net income of 11.1 billion yen (around $75.1 million) compared to a 5 billion yen loss in the previous quarter.
According to its Q2 earnings report, Metaplanet expects full-year revenue to total 3.4 billion yen, supported by operating profit projections of 2.5 billion yen. These expectations are based on continued income from cash-secured put premiums and steady operational performance. Gerovich said the company’s bitcoin income-generation unit has now grown for three consecutive quarters.
In addition, to support its ongoing bitcoin purchases, Metaplanet is using several funding mechanisms designed to protect shareholder equity and provide capital flexibility. These include zero-interest convertible bonds, moving-strike warrants, and perpetual preferred shares.
On August 1, Metaplanet filed for a shelf registration to raise up to $3.74 billion through perpetual preferred share offerings. The company also disclosed plans to increase its authorized share count to 2.72 billion and introduce two new classes of preferred shares.
Gerovich said the updated structure is intended to align long-term capital planning with investor needs while keeping high bitcoin exposure per share intact.
Market Activity and Stock Performance
Despite the positive earnings and growing bitcoin position, Metaplanet’s stock closed down 8.6% at 866 yen on Friday. It showed a modest recovery, gaining 0.6% by midday Monday in Tokyo, according to Yahoo Finance. However, by the end of the day, it had risen to ¥893, marking a 3.12% gain.
Bitcoin price is trading at $115,236 at press time, showing a 2% drop over 24 hours and down 6% over the past week. Metaplanet continues to hold its bullish outlook despite recent price volatility.
