Metaplanet adds 518 BTC on August 12
Tokyo-listed Metaplanet purchased another 518 bitcoin on August 12 for roughly $61.4 million, paying an average of about $118,519 per coin. The company’s own analytics dashboard now shows total holdings of 18,113 BTC and a bitcoin NAV of about $2.15 billion.
At around $118.9k per bitcoin today, that stack pencils out near $2.15 billion (18,113 × $118,856 ≈ $2.153B).
By the numbers:
- New purchase: 518 BTC for $61.39 million at ~$118,519 per BTC.
- Running total: 18,113 BTC on the balance sheet.
- One week ago: 17,595 BTC after a 463 BTC buy disclosed on August 4.
- July 28 add: 780 BTC, lifting holdings to 17,132 BTC at the time.
Why the buying spree
Metaplanet calls itself a bitcoin-first treasury company and has been using capital markets to scale that strategy. On August 1, the firm filed a shelf registration to issue up to ¥555 billion (about $3.7 billion) in perpetual preferred shares through August 2027—fuel for a multi-year accumulation plan and an oft-stated goal of amassing as much as 210,000 BTC by 2027.
Those back-to-back July and early-August buys came alongside exchange disclosures and media coverage. The August 4 filing confirmed 463 BTC for roughly $53.7 million, while the July 28 purchase added 780 BTC—moves that major outlets tracked in real time.
What it means for investors
Shares have tended to swing with bitcoin. For example, on August 4, Metaplanet’s stock fell about 7% even as the company kept accumulating—underscoring management’s message that it’s playing a long game, not chasing short-term price action.
One caveat applies across all corporate bitcoin treasuries: verifying holdings and controls can be more complex than checking cash balances. U.S. accounting rules now require fair-value treatment and new disclosures for crypto assets beginning in 2025, while regulators have warned that “proof-of-reserves” reports aren’t audits and may provide limited assurance. Investors should weigh both the on-chain “verify” ethos and public-company reporting realities.
