The market continues to punish Metaplanet’s inventory, which has careened by 87% over the trailing 12 months.
Nonetheless, on the identical time, Metaplanet has added 27,832 Bitcoin to its stability sheet over the previous 12 months.
This strategic acquisition spree has greater than tripled the agency’s whole cryptocurrency stack in comparison with a 12 months in the past.
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What’s notable is that the corporate stays worthwhile and is at the moment buying and selling beneath its guide worth, an anomaly that Zynx described as a “present” for potential buyers.
Commentator Adam Livingston famous that it’s “loopy how a lot this inventory has been crushed regardless of having little leverage versus opponents”.
Metaplanet’s BTC accumulation spree
Through the first quarter of 2026, the corporate acquired an extra 5,075 Bitcoin for about $405.48 million, paying a mean worth of $79,898 per BTC.
This large quarter introduced the Tokyo-listed firm’s whole treasury holdings to 40,177 BTC. The full stack was acquired for roughly $4.18 billion at a mean price foundation of $104,106 per Bitcoin.
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Following these newest purchases, Metaplanet has surged to change into the third-largest company Bitcoin treasury on the planet, sitting solely behind Jack Mallers’ Twenty One Capital and Michael Saylor’s MicroStrategy.
Metaplanet can be constructing infrastructure round its Bitcoin reserves.
Metaplanet CEO Simon Gerovich not too long ago introduced that the corporate entered into an settlement to amass 100% of Siiibo Securities Co., Ltd.
The transaction, valued at 2.1 billion yen (roughly $13.1 million), is anticipated to shut in July.