Overview
- Metaplanet disclosed Thursday that it bought 2,823 BTC in Q2, bringing its total corporate treasury to 43,000 BTC and making it the third-largest publicly traded holder.
- The company's Bitcoin Income Generation unit reported operating revenue of ¥1.747 billion for Q2 FY2026, a roughly 41% drop from the prior quarter.
- Metaplanet paid an average of ¥12.7 million per coin for the latest tranche and reports an overall average acquisition cost of ¥15.3 million per BTC.
- The firm valued its 43,000 BTC at about ¥409 billion as of June 30 versus roughly ¥659 billion paid, implying an unrealized loss near ¥250 billion and raising investor focus on mNAV and share-price dynamics.
- Metaplanet funds purchases with equity raises, debt, mNAV-style warrants and options income, and it still needs about 57,000 BTC to reach its 100,000-by-2026 target which would require multi-billion-dollar capital resources; the planned Siiibo Securities deal is due to close in July to enable Japan-focused Bitcoin product distribution.