Metaplanet’s BTC▲$61,790.00 holdings rose to 43,000 BTC after it bought 2,823 BTC in Q2 at an average price near $80,000.
Metaplanet, the Tokyo-listed company building a Strategy-style Bitcoin treasury, disclosed another large quarterly Bitcoin purchase that came at a steep premium to its own quarter-end market reference.
The Japanese Bitcoin treasury giant revealed in a July 2 press release that it bought 2,823 BTC during Q2 with an average price of ¥12.71 million per Bitcoin, or roughly $79,700.
As of press time, Bitcoin is trading at $60,434, up 2.3% on the day, per data from Bitcoin Foundation’s price tracking page.
The company also said it generated nearly $11 million from its Bitcoin Income Generation business, which includes its options-related strategy, lowering the effective acquisition price to about $75,800.
Read also: Metaplanet Stock Price Rises as Firm Buys Securities Platform
Metaplanet Hits 43,000 BTC
The latest purchase lifted Metaplanet’s holdings to 43,000 BTC, up from 40,177 BTC at the end of March, solidifying its position as the third-largest public company by Bitcoin holdings.
Michael Saylor’s Strategy remains the clear leader among public Bitcoin treasury companies with more than 847,360 BTC, followed by Twenty One Capital with about 43,510 BTC and Metaplanet with 43,000 BTC, per data from Bitcoin Treasuries.
Metaplanet said the quarter’s Bitcoin purchases were funded mainly through borrowings, ordinary bonds and revenue from its Bitcoin Income Generation business, rather than new common-share issuance.
The company also reported a 6.6% BTC Yield for the quarter, its internal measure of Bitcoin holdings per diluted share. Following the disclosure, Metaplanet shares rose 3.5% on the Tokyo Stock Exchange, according to Google Finance data.
