Metaplanet Acquires 2,823 Bitcoin Despite Market Slowdown
The Japanese firm's 43,000-BTC stack now sits well below its cost basis, and it has leaned on debt over equity to keep buying.
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The Japanese firm's 43,000-BTC stack now sits well below its cost basis, and it has leaned on debt over equity to keep buying.
Bitcoin Magazine Metaplanet Adds 2,823 Bitcoin, Reaches 43,000 BTC and Becomes World’s Third-Largest Corporate Treasury Metaplanet added 2,823 BTC in the second quarter to reach 43,000 Bitcoin, becoming the world's third-largest corporate Bitcoin treasury behind Strategy and Twenty One Capital. This
Metaplanet bought 2,823 Bitcoin during the second quarter, reducing its average acquisition cost to $106,500 per BTC, and reported $10.9 million in revenue from its income generation strategy.
Metaplanet spent $222 million on the bitcoin purchase during the second quarter, translating to $78,608 per bitcoin.
The Japanese firm, now the world's third largest publicly traded bitcoin holder, reported stronger Bitcoin Income Generation revenue.