Metaplanet Adds 463 BTC Despite Stock Slump, Holdings Now Top $1.78B
Japanese investment firm Metaplanet (3350.T), listed on the Tokyo Stock Exchange, has acquired an additional 463 bitcoin (BTC), reaffirming its long-term commitment to the cryptocurrency even as its share price continues to decline.
The latest purchase, announced on Monday, cost the company approximately ¥7.995 billion (roughly $540 million), with an average purchase price of ¥17.3 million per BTC. This brings Metaplanet’s total holdings to 17,595 BTC, valued at over $1.78 billion at current market prices. In total, the firm has spent around ¥261.28 billion on its bitcoin treasury.
The announcement comes amid a significant decline in Metaplanet’s stock, which fell more than 7% on Monday to ¥987 — nearly 50% below its June peak. The firm’s share price continues to reflect both volatility in bitcoin prices and changing market sentiment, even as the company positions itself as Asia’s closest equivalent to a bitcoin ETF.
Metaplanet’s “BTC Yield” metric — which tracks bitcoin holdings per share — has slowed to 52.6% as of August 4, down from 129.4% in Q2 and 309.8% in Q4 2024, pointing to a deceleration in accumulation relative to outstanding shares.
Despite recent headwinds, the company remains focused on leveraging bitcoin as a long-term store of value and a key component of its strategic capital allocation.
