Key Insights:
- Metaplanet purchased 1009 BTC for $112.4 million at an average price of $111,162 per Bitcoin.
- The company’s total holdings reached 20,000 BTC, surpassing Riot Platforms’ BTC holdings.
- The stock tumbled more than 5% to fall below 830 JPY amid massive selling pressure on Bitcoin.
Metaplanet, aka Asia’s MicroStrategy, on Monday, said it acquired an additional 1009 BTC for $112.4 million. After the latest purchase, Japan-listed Metaplanet’s Bitcoin holdings surpassed Riot Platforms.
However, Japan-based Metaplanet stock failed to hold the recent rebound and tumbled below 830 JPY again on Monday. Will MTPLF stock follow or continue its recovery?
Metaplanet Tops Riot Platforms in Bitcoin Holdings
Metaplanet purchased an additional 1009 BTC at an average price of $111,162 per Bitcoin, according to an official announcement on September 1. Also, the company’s quarter-to-date BTC yield increased to 30.7%.
With the latest Bitcoin buy, the company expanded its total Bitcoin holdings to hit the 20,000 BTC milestone, valued at over $2.19 billion. It has surpassed Bitcoin miner Riot Platforms to become the 6th largest corporate Bitcoin treasury, according to Bitcoin Treasuries data.
Metaplanet purchased these BTCs for nearly $2.06 billion at an average price of $103,138 per Bitcoin. It makes the company have an unrealized profit of almost $120 million after the latest buy.
CEO Simon Gerovich also took to X to share the milestone achieved with its shareholders and the crypto community. He reflected on achieving a BTC yield of 486.7% year-to-date (YTD) 2025 under the accelerated Bitcoin strategy
Recently, Metaplanet appointed Eric Trump to its strategic board of advisors. The company’s board plans to vote on further capital raising to buy Bitcoin as they target 30,000 BTC by 2025-end.
Metaplanet last purchased 103 BTC for $11.69 million at an average price of $113,491 per BTC, as announced on August 25. Notably, the company has acquired 15,179 BTC since April this year, indicating the company’s accelerated Bitcoin strategy to generate value for its shareholders.
Metaplanet Stock Retraces 5%
Metaplanet stock price closed 5.46% lower at 831 JPY on Monday. This happened as Bitcoin price slipped below $108K in the last 24 hours.
The 24-hour low and high were 828 and 900 JPY. Additionally, the 24-hour trading volume was slightly lower than the average of nearly 38 million.
As per Yahoo Finance, the stock price has plunged more than 22% in August due to short positions. Shorting by Goldman Sachs, Barclays, and Morgan Stanley reduced the year-to-date return to 138%.
Meanwhile, MTPLF stock closed 0.83% higher $6.11 on Friday, but it will likely follow the Japan-listed stock and fall today. Moreover, the YTD return of the stock has dropped to almost 172%.
The crypto stock continued to be one of the most traded stocks. In the daily timeframe, the stock was trading below the 50-SMA and the 100-SMA.
Bitcoin Price Under Selling Pressure as Predicted
Bitcoin price tanked below $108K due to several headwinds such as macroeconomic impacts, Bitcoin’s historical peak, and crypto seasonality jitters. The Coin Republic predicted 5 reasons for a deeper crash in BTC price.
At the time of writing, BTC price dropped more than 0.50% to trade at $108,645. The 24-hour low and high were $107,271 and $109,890, respectively.
Furthermore, the trading volume jumped by 33% over the last 24 hours, indicating significant interest in the spot crypto market.
Also, the derivatives market saw balanced trading in the last 24 hours. At the time of writing, the total BTC futures open interest dropped more than 1% to $80.21 billion in the last 24 hours.
Meanwhile, 4-hour BTC futures OI on CME and Binance fell 0.20% and 0.33%, respectively. This indicates uncertainty and volatility persist in the market as traders await further cues on market direction.
