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Metaplanet Buys $54M in Bitcoin Despite Stock Dropping Nearly 50 Percent

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Metaplanet Buys $54M in Bitcoin Despite Stock Dropping Nearly 50 Percent
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Tokyo-based investment firm Metaplanet has acquired an additional 463 bitcoin worth approximately $54 million, demonstrating continued commitment to the cryptocurrency despite a significant decline in its share price. The company’s stock has dropped more than 7% recently and now trades at roughly half its June peak value.

The latest bitcoin purchase cost Metaplanet 7.995 billion yen at an average price of 17.3 million yen per bitcoin, bringing the firm’s total cryptocurrency holdings to 17,595 BTC. The company has invested a combined 261.28 billion yen in building its bitcoin treasury over time.

Strategic Positioning Amid Market Volatility

Metaplanet’s share price has fallen to 987 yen as of Monday, representing nearly a 50% decline from its June highs. The stock’s performance closely mirrors both bitcoin’s price movements and the company’s expanding cryptocurrency holdings, establishing Metaplanet as Asia’s leading bitcoin proxy investment vehicle.

The firm has reported notable BTC Yield metrics, which measure bitcoin accumulation per share, reaching 309.8% during the fourth quarter of 2024 and 129.4% in the second quarter. However, this yield has moderated to 52.6% as of August 4, reflecting the company’s growing share base relative to its bitcoin acquisitions.

Market Sentiment Analysis

This development may weigh on investor confidence as it highlights the volatility risks associated with corporate bitcoin strategies. The significant decline in Metaplanet’s share price despite continued bitcoin accumulation could signal broader market concerns about cryptocurrency exposure in traditional investment vehicles.

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Written by
Cameron Holt

Cameron Holt is a seasoned Web3 analyst and blockchain educator from the U.S., known for his deep dives into everything from zk rollups and Layer 2 innovation to yield farming mechanics and on-chain security. With a developer’s mindset and a strategist’s vision, Cameron tracks token unlocks, uncovers hidden airdrop opportunities, and decodes technical trends for a fast-moving crypto audience. Whether it's AI-powered tools, decentralized gaming, or the latest rugpulls, he brings clarity, speed, and sharp insight to every corner of the blockchain world.

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