Summary
- In Q2, Metaplanet acquired 2,823 Bitcoin for around $222 million, increasing its total to 43,000 BTC.
- This acquisition is the smallest quarterly addition in a year, down from 17,473 BTC in Q3 2025.
- Funding primarily came from debt and Bitcoin options income rather than new equity.
Metaplanet, a Japanese investment firm, has announced the acquisition of 2,823 Bitcoin during the second quarter, investing about ¥35.9 billion (approximately $222 million) to raise its total holdings to 43,000 BTC. This purchase, with an average Bitcoin price of $78,608, represents the firm's lowest quarterly acquisition in the past year, significantly down from the 17,473 BTC it purchased in the third quarter of 2025.
The company is aiming for ambitious targets of 100,000 BTC by the end of 2026 and 210,000 by the end of 2027, although the current pace of buying suggests this may be increasingly difficult to achieve. As of June 30, Metaplanet's holdings were valued at roughly ¥409 billion ($2.5 billion), which is significantly lower than the ¥659 billion ($4.07 billion) it spent on the Bitcoin. This results in an unrealized loss of approximately $1.5 billion, coinciding with a more than 20% decline in Bitcoin's price during the quarter, which ended at around $58,800, according to CoinGecko.
