Metaplanet Buys 2,823 BTC in Q2, Reports Strong Bitcoin Income Revenue

Highlights:

• Metaplanet bought 2,823 BTC in Q2, raising total holdings to 43,000 BTC by June.
• The company reported a 6.6% BTC Yield and funded purchases mainly through borrowings, bonds, and income.
• Its Bitcoin Income Generation business earned about ¥1.75 billion in second-quarter revenue from options activity.

Metaplanet, often dubbed Japan’s version of Strategy, added 2,823 Bitcoin in the second quarter, raising its total holdings to 43,000 BTC by the end of June. The Tokyo-listed company shared the update in an official July 2 disclosure and said the purchase was part of its Bitcoin Treasury Operations.

The company bought the new Bitcoin at an average price of about ¥12.7 million per BTC. The total purchase was worth about ¥35.9 billion. After the second-quarter accumulation, Metaplanet’s total Bitcoin cost reached about ¥659.3 billion. Its average purchase price across all holdings now stands near ¥15.3 million per BTC.

メタプラネット、ビットコインをさらに 2,823 BTC追加取得、保有量は合計 43,000 BTCに pic.twitter.com/eqCWDPn8kn

— Metaplanet Inc. (@Metaplanet) July 2, 2026

Metaplanet Strengthens Bitcoin Treasury Strategy

Metaplanet entered the second quarter with 40,177 BTC. By June 30, that figure had increased to 43,000 BTC. The latest purchase also reduced the company’s average Bitcoin cost because the new BTC was bought below its earlier average price. 

The company said its Bitcoin purchases during the quarter included targeted buying through BTC options. Options are contracts linked to Bitcoin’s price. Metaplanet uses them as part of its broader treasury strategy, alongside direct Bitcoin holdings and other capital market activities. The company has become one of the most active public Bitcoin treasury firms in Asia. Its strategy is focused on building long-term Bitcoin exposure while also using financial tools to support its balance sheet.

Metaplanet Posts 6.6% BTC Yield in Second Quarter

Metaplanet also reported a BTC Yield of 6.6% for the quarter ended June 30. The company uses BTC Yield to measure how its Bitcoin holdings change compared with its effective diluted shares. For the quarter, Metaplanet reported BTC Gain of 2,637 BTC. It also reported BTC ¥ Gain of about ¥25.1 billion. The company said these figures are extra treasury metrics and should not be treated as normal profit or cash flow numbers.

Metaplanet also explained how it funded its Bitcoin purchases. The company said second-quarter buying was mainly funded through borrowings, ordinary bonds, and income from its Bitcoin Income Generation business. It added that it did not issue new common stock to directly fund Bitcoin purchases during the quarter, except for shares issued through the exercise of stock acquisition rights.

Bitcoin Income Business Adds Revenue for Metaplanet

In a separate July 2 filing, Metaplanet said its Bitcoin Income Generation business recorded about ¥1.75 billion in second-quarter revenue. First-half revenue from the same business reached about ¥4.72 billion. The company said this revenue came from Bitcoin-related options activity, including premiums, realized gains or losses, and period-end valuation changes. Metaplanet also reported about ¥11.4 billion in trailing 12-month revenue from the business.

*Notice Regarding the Q2 FY2026 Results of the Bitcoin Income Generation Business* pic.twitter.com/tta0Zys2Yh

— Metaplanet Inc. (@Metaplanet) July 2, 2026

Metaplanet said its full-year revenue and operating profit forecasts remain unchanged from the outlook announced earlier this year. The company continues to position Bitcoin as a central part of its treasury strategy while using income-generating activities to support its broader financial plan.

Its wider target is much bigger. Metaplanet aims to hold 210,000 BTC by the end of 2027, equal to 1% of Bitcoin’s total fixed supply. If reached, the target would place the company among the largest public Bitcoin holders in the world, behind Strategy, the U.S. firm that helped make the corporate Bitcoin treasury model popular.