TLDR
- Metaplanet acquired 2,823 BTC during the second quarter and increased its total BTC holdings to 43,000 BTC.
- The company still needs to acquire 57,000 BTC to achieve its goal of holding 100,000 BTC by the end of 2026.
- Metaplanet generated $10.95 million in Bitcoin income generating activity and reduced its effective cost per acquisition during the quarter.
- The company has also agreed to acquire Siiibo Securities as part of a broader Bitcoin-focused financial expansion strategy in Japan.
Metaplanet has been resumed Bitcoin Purchases, where I acquired 2,823 BTC after a three-month hiatus following the planned quarterly accumulation strategy and reporting schedule. The company completed its accumulation in the second quarter and raised its holdings to 43,000 BTC by June 30 through disciplined treasury execution. It still needs an additional 57,000 BTC before achieving the treasury’s 2026 target under its roadmap and stated long-term accumulation goals.
Treasury expansion continues after a quarterly pause
Metaplanet spent 35.89 billion yen on purchases during the quarter using available treasury resources and planned capital allocation. The average price exceeded 12.7 million yen per coin across all Bitcoin purchases completed during the mentioned period. Thus, total holdings reached 43,000 BTC, up from the 40,177 BTC recorded previously, after completing the purchasing program in the second quarter.
*Metaplanet acquires an additional 2,823 BTC, bringing its total holdings to 43,000 BTC* pic.twitter.com/j3j4mvjiOr
– Metaplanet Company (@Metaplanet) July 2, 2026
Metaplanet reduced its average acquisition cost to 15.3 million yen per bitcoin after completing its latest purchases during the quarter. Previously, it averaged 15.5 million yen per unit before recent treasury purchases reduced overall acquisition costs. Total spending has reached 659 billion yen across the treasury since the company’s launch Bitcoin vault operations program.
Bitcoin income generation activities generated $10.95 million during the quarter through treasury-related operations and structured income generation initiatives. Total revenues amounted to approximately 1.747 billion yen before buyout compensation according to the company’s announced quarterly financial performance. Therefore, the actual acquisition cost fell to 34.14 billion yen overall after deducting the reported income from quarterly Bitcoin purchases.
Bitcoin’s long-term goal remains a challenge
Metaplanet aims to hold 100,000 BTC before the end of 2026 through continued treasury expansion and disciplined capital deployment. Therefore, the company must acquire an additional 57,000 BTC during the remaining months to achieve the stated accumulation goal. Current holdings leave a large gap despite recent accumulation and steady progress during the last quarter of the report.
Metaplanet shares are down roughly 49% year to date despite continued Bitcoin accumulation and expanding treasury holdings throughout the current year. Market performance has lagged treasury expansion throughout 2026 despite continued operational execution and reported Bitcoin purchases. However, management continued to implement its Bitcoin strategy without interruption despite weak market sentiment surrounding the company’s shares.
Executives linked the treasury’s growth to the company’s long-term plans that support the expansion of financial services more broadly across Japan through future initiatives. The company maintained accretion despite weak stock performance while maintaining its stated treasury strategy and operational priorities.
Jerovich said “Project Nova represents our first concrete step.” This underscores management’s broader expansion strategy beyond Bitcoin accumulation alone.
The acquisition supports a broader financial strategy
Metaplanet has agreed to acquire Siiibo Securities for approximately $13 million in its first major Nova acquisition. The transaction is scheduled to close in July, following regulatory procedures and completion of the company’s remaining requirements. After that, the company will operate as… Metaplanet Securities After changing the announced brand and transferring ownership.
Management described the acquisition as the first major corporate purchase supporting broader financial infrastructure development within Japan’s digital asset market.
Jerovich said “This deal launches the Nova project in Japan.” Describe the company’s broader financial ecosystem ambitions.
The initiative seeks to create a nationwide Bitcoin-focused financial ecosystem through integrated financial services and future business development opportunities.
Metaplanet has confirmed treasury operations will continue post-quarter while maintaining the published long-term accumulation strategy unchanged. The latest disclosure outlined capital deployment and strategic expansion along with updated treasury performance and acquisition cost metrics. Metaplanet ended the quarter with clearer progress toward its 2026 target despite the need for significant additional Bitcoin purchases going forward.
