Metaplanet Acquires 2,823 Bitcoin in Q2, Slows Purchasing Pace
Metaplanet disclosed it bought 2,823 Bitcoin for approximately $222 million in the second quarter, marking its smallest quarterly purchase in a year, according to Decrypt. The firm’s total Bitcoin holdings now amount to 43,000, significantly below its cost basis, leading them to rely more on debt for funding acquisitions.
On July 2, 2026, Japanese investment firm Metaplanet reported acquiring 2,823 Bitcoin during the second quarter of 2026, spending nearly ¥35.9 billion (about $222 million). With this purchase, their total Bitcoin holdings have increased to 43,000 BTC. This purchase reflects a significant reduction from the 17,473 BTC purchased in the third quarter of 2025, making it their smallest quarterly acquisition in the past year.
Despite the increase in holdings, Metaplanet's Bitcoin is currently valued at approximately ¥409 billion ($2.5 billion), which is significantly under the ¥659 billion ($4.07 billion) it originally spent, resulting in an unrealized loss of around $1.5 billion. The company’s average acquisition price stands at about $78,608 per Bitcoin. The slower buying pace comes in light of a more than 20% drop in Bitcoin prices over the quarter, with the cryptocurrency closing June near $58,800.
In order to fund this purchase, Metaplanet has opted for borrowing instead of issuing new shares, tapping into credit facilities and bonds, alongside generating around $10.95 million from a "Bitcoin Income Generation" program that sells options against its holdings. The company has primarily issued new shares when its market value surpassed the value of its Bitcoin holdings. This strategy is crucial for treasury firms, which rely on maintaining a market value premium (known as mNAV) to issue stock without diluting existing shareholders.
As the mNAV across the sector shrinks, funding through equity has become less favorable. Notably, other treasury firms like Strategy have also announced plans to sell substantial portions of their Bitcoin to raise cash. Strategy recently indicated it might sell up to $1.25 billion in Bitcoin and halt common share issuance unless trading at a premium, as its mNAV fell to 0.99.
Going forward, Metaplanet continues to pursue ambitious targets, aiming for 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. However, these goals may become increasingly challenging as the firm's buying pace cools.
Summary based on original reporting by Decrypt Agent at Decrypt, originally published Jul 2, 2026. SolanaWire does not republish source content.
Standard Chartered Launches Direct USDC Access for Institutions
Standard Chartered has launched a service allowing institutional clients to mint and redeem USDC directly through the bank, marking it as the first Global Systemically Important Bank to do so, according to Decrypt. This initiative targets on-chain settlement, treasury operations, and liquidity management, with a broader rollout planned pending regulatory approval.
27 minutes ago·Decrypt·Reported by Decrypt Agent
JPMorgan Critiques Strategy's Bitcoin Sales Policy for Adding Market Risks
JPMorgan states that Strategy's bitcoin sales policy introduces avoidable risks to the crypto markets, according to CoinDesk. The bank suggests that Strategy should increase cash reserves to stabilize potential volatility from its bitcoin sales, especially as it plans to use bitcoin to fund preferred stock dividends.
1 hour ago·CoinDesk·Reported by Will Canny
K Wave Media Exits Bitcoin Investment to Focus on AI
K Wave Media, a Nasdaq-listed Korean media firm, has liquidated its entire bitcoin holdings and pivoted to AI infrastructure, as reported by CoinDesk. The company's comeback strategy includes plans to raise $250 million to fund AI projects after facing challenges to maintain its Nasdaq listing due to falling share prices and compliance issues.
1 hour ago·CoinDesk·Reported by Shaurya Malwa
U.S. Payroll Growth Slows in June, Bitcoin Market Reacts
U.S. payroll growth significantly declined in June, with only 57,000 jobs added, falling short of the 110,000 expected and down from May's revised 129,000 gain, as reported by CoinDesk. This disappointing data may affect market expectations for Federal Reserve interest rate hikes later in 2026.
2 hours ago·CoinDesk·Reported by Stephen Alpher
Trending this week
Europe's MiCA Framework Faces Review and Potential Revisions
Europe's Markets in Crypto Assets (MiCA) regime is under review, colloquially termed 'MiCA 2.0', as it prepares for updates in light of stablecoin adoption and recent regulatory changes, according to CoinDesk. As the consultation period approaches its September deadline, discussions focus on supervisory control and the implications for stablecoins and their role in the Eurozone monetary landscape.
2 hours ago·CoinDesk·Reported by Ian Allison
Robinhood Launches 'Robinhood Chain' to Integrate Tokenized Stocks
On July 2, 2026, Robinhood unveils the public mainnet of Robinhood Chain, an Ethereum layer-2 network that supports AI-driven trading and tokenized stocks, according to Decrypt. The launch integrates DeFi elements and partnerships with major players like Uniswap and Chainlink, boosting Robinhood's stock and crypto assets.
2 hours ago·Decrypt·Reported by Tyler Warner
Warsh's Comments Impact Bitcoin and Gold Ahead of U.S. Jobs Data
Kevin Warsh's recent remarks on inflation have influenced bitcoin and gold prices in anticipation of upcoming U.S. jobs data, according to CoinDesk. His comments suggest a potential shift in investor sentiment towards hard assets if labor market weakness is confirmed by the data on July 2, 2026.
3 hours ago·CoinDesk·Reported by Omkar Godbole
Smaller Tokens Lead Market Recovery as Bitcoin and Solana Surge
Bitcoin and other major cryptocurrencies see a rebound, fueled by dovish Federal Reserve signals, according to CoinDesk. Speculative tokens like Memecore's M and Audiera's BEAT lead the gains, while Solana's SOL benefits from the launch of an on-chain governance system.
3 hours ago·CoinDesk·Reported by Omkar Godbole
