Bitcoin News Today: Metaplanet Expands Bitcoin Holdings to 17,595 Coins Amid 36% Stock Decline

Metaplanet Inc (TYO:3350), Asia’s largest corporate Bitcoin holder, has continued to expand its Bitcoin holdings despite its stock hitting a three-month low. On July 29, the company announced the purchase of an additional 463 Bitcoin at an average price of ¥17,268,320 per coin ($116,975), bringing its total holdings to 17,595 Bitcoin, valued at approximately $2 billion [1]. This purchase adds to the 13,549 Bitcoin acquired since April 2025 and reflects an aggressive strategy to generate value for shareholders through digital assets [7].

However, the company’s stock price has struggled in recent weeks. On August 2, Metaplanet’s shares closed down 7.65% at 1,063 yen ($7.18), continuing a downward trend that has seen the stock fall nearly 36% in a month [2]. The decline has been attributed to broader market volatility, profit-taking, and ongoing shorting activity. At the time of writing, the stock was trading at a 50% discount compared to its June peak [3].

The company’s over-the-counter (OTC) stock, MTPLF, has also experienced a mixed performance. While it has surged 200% year-to-date 2025, the stock closed 6.57% lower at $7.09 on Friday, after rallying 342% in a year [1]. The stock has fallen below the 50-day simple moving average (SMA) and is approaching the 100-day SMA at $6.58. Trading volume remains subdued, with the 24-hour volume more than two times lower than the average [1].

Bitcoin’s price has also seen recent turbulence, fluctuating in a narrow range around $114,000 after a sharp decline from $119,000 on July 31 to a low of $111,800 on August 1 [4]. The cryptocurrency has failed to gain a clear upward direction, with recent dips triggering over $200 million in leveraged bull positions being liquidated [5]. Derivatives market data shows muted activity, with BTC futures open interest falling 0.76% to $79.67 billion in the past 24 hours [1]. This uncertainty has been mirrored in the company’s trading activity, with both spot and futures traders showing reduced interest.

Metaplanet’s continued Bitcoin purchases, despite the underperformance of its shares, underscore its belief in the long-term value of the asset. The company has stated it plans to raise $3.7 billion by 2027 to fund further Bitcoin accumulation, reinforcing its commitment to aligning corporate value with the leading digital asset [3]. This strategy appears to be unaffected by recent share price weakness, as the company continues to buy Bitcoin at scale, regardless of broader macroeconomic concerns.

The company’s CEO, Simon Gerovich, highlighted the success of the Bitcoin acquisition strategy, noting a BTC yield of 459.2% year-to-date 2025, with a 24.6% return quarter-to-date [1]. Metaplanet also reports an unrealized profit of $243.69 million on its Bitcoin holdings following the latest purchase [1]. This resilience in its crypto portfolio contrasts with the struggles of its equity market performance, highlighting a strategic divergence in how the company is positioning itself in both markets.

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Source:

[1] Metaplanet acquires an additional 463 Bitcoin… Total ... (https://bloomingbit.io/en/feed/news/94157)

[2] Metaplanet Doubles Down on Bitcoin as Shares Slide, ... (https://www.coindesk.com/markets/2025/08/04/metaplanet-doubles-down-on-bitcoin-as-shares-slide-buys-another-usd54m)

[3] Metaplanet Plans $3.7 Billion Raise To Hit ... (https://www.mitrade.com/insights/news/live-news/article-3-1007135-20250802)

[4] Bitcoin price today: hovers at $114k after steep losses on ... (https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-hovers-at-114k-after-steep-losses-on-tariff-economic-fears-4166947)

[5] Bitcoin Sentiment Wanes Amid Price Decline and Market ... (https://news.ssbcrack.com/bitcoin-sentiment-wanes-amid-price-decline-and-market-correlation-with-stocks/)

[6] Bitcoin rebounds near $115000 alongside altcoins as ' ... (https://www.theblock.co/post/365357/bitcoin-rebounds-cautiously-optimistic-traders)

[7] Metaplanet buys additional 463 Bitcoin, increases stash to ... (https://za.investing.com/news/cryptocurrency-news/metaplanet-buys-additional-463-bitcoin-increases-stash-to-17595-coins-3817102)