Bitcoin News Today: Japan-Based Metaplanet Buys 775 BTC for $93M Averaging $120,006 Per Coin

Japan-based Bitcoin treasury firm Metaplanet has made a significant move in the cryptocurrency market, purchasing 775 Bitcoin for approximately $93 million at an average price of $120,006 per coin, according to a post by CEO Simon Gerovich on X on August 18, 2025 [1]. This acquisition brings the company’s total Bitcoin holdings to 18,888 BTC, valued at around $1.94 billion at an average purchase price of $102,653 per coin. The firm reported a year-to-date (YTD) gain of 480.2% on its Bitcoin portfolio [2].

The Bitcoin price has experienced a 24-hour decline, trading at $115,593.74 as of 12:50 a.m. EST, according to CoinMarketCap data. The pullback has pushed BTC’s weekly performance further into negative territory, with the asset now down approximately 5% over the past seven days [3]. Metaplanet’s latest purchase comes as a strategic accumulation during a dip, following a similar $18 million BTC buy announced on August 11 [4].

Michael Saylor, Executive Chairman of Strategy, has also hinted that his firm may announce another Bitcoin purchase later on August 18. Saylor’s recent X post, which included a screenshot of the Saylor Tracker chart, historically has been a precursor to new Bitcoin acquisitions [5]. Strategy, which began its Bitcoin accumulation in 2020, is currently the largest corporate Bitcoin holder globally, with a portfolio of 628,946 BTC. Its holdings have generated an unrealized profit of over $26.62 billion, representing a 57% gain, and a total valuation of $72.73 billion at current prices [6].

Metaplanet’s recent stock price increased by over 1% following the announcement of its latest Bitcoin purchase, marking a short-term reversal after a 15% decline in the past week. The company’s stock has lost over 34% in the last month despite strong second-quarter earnings. Total revenue for the quarter reached 1.2 billion yen ($8.4 million), a 41% quarter-on-quarter increase. Metaplanet also reported a net profit of 11.1 billion yen ($75.1 million), a significant improvement from a 5 billion yen ($34.2 million) loss in the previous quarter [7]. The company remains optimistic about its performance, projecting full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.

Following the Bitcoin purchase, Metaplanet announced two major initiatives aimed at expanding its influence in Japan’s capital markets: a Bitcoin-backed yield curve and the “Metaplanet Prefs” program. The Bitcoin-backed yield curve seeks to establish BTC as a viable form of collateral in Japan’s fixed-income market, enabling institutional investors to gain exposure to Bitcoin while securing predictable yields. The “Metaplanet Prefs” program will issue BTC-backed instruments across various credit profiles and timelines, further leveraging the firm’s Bitcoin treasury [8]. Dylan LeClair, Metaplanet’s head of Bitcoin strategy, emphasized that these initiatives represent the next step in the company’s mission to digitally transform Japan’s capital markets and prepare for a future of “hyperbitcoinization” [9].

With 18,888 BTC in its portfolio, Metaplanet is now positioned to potentially surpass Riot Platforms, which holds 19,239 BTC, as the sixth largest Bitcoin holder globally. The company’s continued accumulation underscores its belief in Bitcoin’s long-term value and its role in reshaping traditional financial systems [10].

Sources:

[1] https://coinmarketcap.com/community/articles/68a2fbedc5c06c674880b2dd/