Metaplanet Doubles Down: Acquires 775 More Bitcoin, Now Holds a Whopping 18,888 BTC
Tokyo-based investment firm Metaplanet just upped its Bitcoin ante—again. The latest purchase of 775 BTC brings its total stash to a staggering 18,888 coins. That’s right, the company’s treasury now looks more like a crypto whale’s cold wallet.
Why the aggressive accumulation? While traditional finance clings to fractional reserve banking, Metaplanet’s all-in bet on Bitcoin screams ‘hedge against fiat chaos.’ No bonds, no gold—just pure digital scarcity.
Let’s crunch the numbers: 775 fresh BTC added at today’s prices would make most CFOs sweat. But for Metaplanet? Just another Tuesday. Meanwhile, Wall Street still thinks ‘blockchain’ is a spreadsheet upgrade.
Closing thought: When your Bitcoin holdings outpace most countries’ reserves, you’re either a visionary—or about to give your auditors nightmares.
Financial Performance
Last week, Metaplanet announced its second-quarter financial report which showed strong results. Its revenue ROSE 41% from the previous quarter to 1.2 billion yen ($8.4 million). The company also turned profitable, posting a net income of 11.1 billion yen ($75.1 million) after a loss in the first quarter. Going ahead, it expects full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.
Moreover, the report also highlighted a 468.1% year-to-date return from its bitcoin investments, far outperforming the 7.2% average gain of the Tokyo Stock Price Index (TOPIX) Core 30, which tracks leading companies such as Toyota, Sony, and Mitsubishi Heavy Industries.
However, Metaplanet’s stock fell 8.6% to close at 866 yen on Friday in Japan, according to Yahoo Finance data. The stock edged up 1.8% with 882.00 around midday in Japan on Monday, with the market still open.
Also Read: Bitcoin Could Hit $150K Before Next Bear Market: McClurg