Metaplanet just can’t stop stacking sats. The Tokyo-based investment firm has gone shopping again, scooping up 2,205 more BTC, because apparently, owning 15,555 BTC is the new personality trait.

The firm dropped a cool $238.7 million on this latest buy, nabbing each bitcoin at an average price of $108,237. (Yes, they paid top dollar and didn’t even flinch.) CEO Simon Gerovich casually confirmed the splurge on X like it was just another Monday morning coffee run—except, you know, with nine-figure receipts.

Fifth-Biggest Whale With a Mega Appetite

At this point, Metaplanet isn’t just dabbling, they’re on a full-blown Bitcoin bender. With 15,555 BTC, they proudly sit in fifth place among publicly listed corporate bitcoin holders, per Bitcointreasuries.net. Leading the charge is, of course, Michael Saylor’s Strategy, flexing with 597,325 BTC. (Yes, almost 600K. No typo.)

But wait, it gets more ambitious. Last month, Metaplanet boldly announced its revised goal: to hold over 210,000 BTC by the end of 2027. That’s more than just optimism; that’s “Saylor-level obsession.”

hodl-post-image
Source: Giphy

Profits Rise as the Strategy Pays Off

And guess what? This strategy might just be working. In Q2, the company reported revenue of 1.1 billion yen (roughly $7.6 million), up 42.4% year-over-year. Gerovich is understandably thrilled, calling it proof of their “sustainable, scalable, and operationally efficient business on a Bitcoin standard.” In other words, “We bought a ton of bitcoin and didn’t go broke, quite the opposite.”

Of course, markets love to keep things spicy. As of 2:10 p.m. in Japan, Metaplanet’s stock slipped 1.8%, because why not mix a little drama into the mix? That said, their stock is still up 13.9% this past month and 339% year-to-date. So yeah, no one's crying over a minor dip.

So here’s the takeaway: Metaplanet is all in on Bitcoin, playing long-term chess while the rest of us are still learning the rules. Is it risky? Sure. But boring? Never.

Bitcoin Could Hit $116K This Month as Macro Trends Line Up for a Surge | HODL FM
Bitcoin could be on its way to $116,000 by the end of this month,…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketGunel Ismayilova
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.