Metaplanet is a Japanese company that invests in Bitcoin. In the second quarter, it bought 2,823 Bitcoin at a discount to its average buying price.
A Thursday report said that the average purchase price per BTC was reduced to approximately $95,117, from $96,258, after the company bought its latest stash at an average price around 12.71 millions yen. announcement.
Metaplanet currently holds about 43,000 Bitcoin, acquired for approximately $4.1 billion. The company also generated about $10.95 in revenue in the third quarter from its Bitcoin income strategy, where it earns premiums through selling options secured by cash and using other Bitcoin related yield strategies.
Metaplanet has been aggressively accumulating Bitcoins, and this purchase is part of that strategy. Metaplanet was one of the largest corporations in the world to hold Bitcoins. This acquisition came just days after Michael Saylor’s Strategy became the largest corporate Bitcoin owner in the world. skipped its usual weekly Bitcoin purchase While unveiling a brand new capital structure designed to increase its cash reserve and support dividends.
Metaplanet Alert: Additional Bitcoin Purchase Metaplanet Source
Metaplanet Shares closed Bitcoin is down by 48% over the past year, but still up 3.5% on Thursday.
K Wave is the latest to abandon Bitcoin Treasury Strategy
While Metaplanet and other companies continue to buy more Bitcoins, some treasury firms are reducing their exposure.
According to an article published on Tuesday, K Wave Media, a South Korean company listed on Nasdaq, sold the remaining 88 BTC in order to pay $6 million of debt. This was a departure from Bitcoin Treasury strategy. filing US Securities and Exchange Commission
K Wave Media FORM F-3. Source: SEC.gov
It was an abrupt change for the firm, as it had been previously announced Plans to increase its Bitcoin holdings by 10,000 BTC in July 2025 after it secures $1 billion of capital to support its Bitcoin Treasury strategy.
Related: Swan’s Cory Klippsten sees record Bitcoin holder supply revealing early bottom
The French semiconductor company, based in France, launched its May 28th launch. Sequans Communications said It would eventually monetize the remaining Bitcoins. The company had 658 BTC and shares rose 14.5% after the announcement.
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Source: cointelegraph.com
