Metaplanet added 1,000 bitcoin net in the third quarter bringing holdings to 44,000 BTC
Metaplanet has increased its bitcoin holdings to 44,000 BTC following a series of strategic sales and repurchases in the third quarter. The company aims to become a leading Bitcoin financial firm in Asia while implementing a new net interest income strategy.
Why it matters
Metaplanet's aggressive accumulation strategy serves as a case study for corporate treasury management involving high-volatility digital assets.
The Japanese company sold 10,000 BTC for approximately $789.2 million, averaging $78,925 per coin, before purchasing 11,000 BTC for $948.7 million at an average of $86,246.
Metaplanet temporarily held the proceeds in cash to demonstrate that it could cover outstanding interest-bearing debt, although those obligations were not repaid. It subsequently repurchased bitcoin at higher prices. Its total holdings have a cost basis of approximately $4.33 billion, averaging $98,454 per BTC.
CEO Simon Gerovich said the announcements reflected ambitions beyond accumulating bitcoin. “Our objective has been to build the leading Bitcoin financial company in Asia,” he said.
The company also introduced a Net Interest Income Strategy , targeting investments principally in preferred securities issued by bitcoin treasury companies. It plans to allocate approximately 10% to 15% of total assets to these investments, seeking returns above its funding costs to service obligations and support further bitcoin purchases.
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