Metaplanet Acquires 775 BTC, Brings Total to 18,888 Amid Price Watch at $115K

Japanese Bitcoin treasury firm Metaplanet has added 775 BTC at an average of $120,006, raising its holdings to 18,888 BTC, while Bitcoin firmly tests support at $115,000.

Metaplanet, a Bitcoin treasury company headquartered in Japan, has expanded its asset reserves with the acquisition of 775 BTC for approximately $93 million, at an average acquisition price of $120,006 per coin, as announced by company president Simon Gerovich. This latest purchase brings its total Bitcoin holdings to 18,888 BTC. Since launching its accumulation strategy in April 2024, Metaplanet has invested roughly $1.94 billion at an average cost of $102,653 per BTC, rising to the position of the seventh-largest corporate Bitcoin holder globally. “18,888 BTC—onward and upward,” Gerovich stated on X following the announcement.

Metaplanet also posted robust Q2 results, with revenues increasing by 41% quarter-over-quarter to ¥1.2 billion ($8.4 million) and net income swinging into positive territory at ¥11.1 billion ($75.1 million), compared to a loss in the previous quarter. In parallel, the company launched a new BTC-backed yield strategy dubbed “Metaplanet Prefs,” issuing preferred equity offerings worth ¥555 billion, each yielding 6%. The structure closely mirrors MicroStrategy’s strategy in the U.S. financial landscape.

Metaplanet’s share price experienced a dip of 8.6% last Friday, dropping to ¥866, though it rebounded modestly 0.6% by midday on Monday. Gerovich acknowledged investor concerns over the pullback but emphasized that accumulating recurring Bitcoin income across three straight quarters has fortified Metaplanet’s foundation.

Meanwhile, Bitcoin is encountering a slight slowdown, down 2.1% over the past 24 hours, trading around $115,305, trimming gains since its post-halving rally in July. Analysts from Cryptopolitan suggest BTC may consolidate near $105,000 before attempting another push toward $118,000, or potentially dip to $101,000 if selling pressure persists. For 2025, projections place possible highs near $160,000 and lows around $68,000, hinging on factors like ETF inflows, U.S. rate cut expectations, and institutional adoption.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)