Metaplanet, a Japanese Bitcoin asset management company, revealed today (18th) that it has recently invested approximately $93 million and purchased 775 new Bitcoins at an average purchase price of around $120,000. Its stock price also broke away from the previous two trading days' decline and closed up nearly 4%.
With the completion of this transaction, the company's total Bitcoin holdings have increased to 18,888, with a cumulative investment of approximately $1.94 billion and an average cost per Bitcoin of approximately $102,650. CEO Simon Gerovich emphasized that this move further solidifies Metaplanet's long-term strategy centered around Bitcoin.
According to statistics from Bitcointreasuries, Metaplanet currently ranks seventh on the list of Bitcoin holdings among global publicly listed companies, just one step away from the sixth-placed US company Riot, with a gap of less than 400 coins .
Outstanding financial performance
In addition to increasing purchases, the latest financial report also reassured the market about the company's prospects. Second-quarter revenue reached 1.2 billion yen (approximately US$8.4 million), a 41% increase from the previous quarter. Net profit reversed from a loss of 5 billion yen in the first quarter to a profit of 11.1 billion yen (approximately US$75.1 million).
The full-year outlook remains unchanged, with the company forecasting revenue of 3.4 billion yen and operating profit of 2.5 billion yen, with the main growth momentum coming from cash-secured put operations and core business performance .