Metaplanet buys 797 bitcoins amid new ATH
Metaplanet buys 797 more BTC as holdings surpass $1.6B
Metaplanet, often dubbed Japan’s MicroStrategy, announced the acquisition of an additional 797 BTC as Bitcoin crossed a new all-time high of $121,209.
The Tokyo-based investment firm disclosed that it spent $93.6 million on the latest tranche, acquiring Bitcoin at an average price of $117,451 per BTC, reports CoinGape.
With this move, Metaplanet’s total holdings now stand at 16,352 BTC, worth approximately $1.64 billion at press time. The firm’s CEO, Simon Gerovich, revealed that 3,002 BTC were added over the past week alone, with a total of 7,464 BTC accumulated in the last month—reflecting aggressive accumulation amid rising institutional demand.
435.9% YTD yield underscores Bitcoin strategy
Metaplanet reported a staggering year-to-date BTC yield of 435.9% for 2025, further validating its treasury strategy centered on digital assets. The company’s average cost basis of $100,191 per BTC indicates significant unrealized gains as Bitcoin continues to rally past $121K. The move comes as institutional interest intensifies, with spot Bitcoin ETFs registering $2.7 billion in inflows over the past week. MicroStrategy’s Michael Saylor also suggested further BTC acquisitions on July 13, signaling that the corporate Bitcoin race remains competitive. Metaplanet’s aggressive accumulation echoes this sentiment, positioning the firm among the top corporate holders of Bitcoin globally.
Stock outlook: undervalued and poised for upside
Despite the bullish news, Metaplanet’s stock traded flat in early Monday trading on Japan’s markets, holding near 1,596 JPY. However, Benchmark analysts maintain a bullish stance, assigning a price target of over 2,400 JPY, suggesting a 50% upside. The firm’s modified Net Asset Value (mNAV) has now contracted to 3.78, a sign of strong value relative to its Bitcoin reserves. With Bitcoin’s continued ascent and institutional momentum gaining traction, Metaplanet’s strategic BTC positioning could serve as a strong catalyst for upward stock revaluation in the coming weeks.
Recently we wrote that Bitcoin (BTC) extended its July rally to reach a fresh all-time high of $121,300, pushing its monthly gain to 13%.
