Metaplanet purchased 2,823 Bitcoin during the second quarter, surpassing 43,000 BTC in total holdings and reducing its average acquisition cost to $106,500 per coin. The company also reported $10.9 million in revenue from its Bitcoin income generation strategy over the same period.
Q2 Buying Pulls Cost Basis Lower
The 2,823-BTC addition was large enough to move Metaplanet's blended per-coin cost down to $106,500 — meaning the quarter's purchases were executed at prices below that level. Total holdings now stand above 43,000 BTC.
Average acquisition cost is the primary efficiency metric in Metaplanet's treasury disclosures. A declining reading reflects buying at prices below the prior blended rate; a rising one would indicate the opposite.
Income Generation Strategy Posts $10.9 Million
Metaplanet disclosed $10.9 million in revenue attributed to what it calls a Bitcoin income generation strategy. The source summary does not detail the specific instruments or transactions behind that figure, and no breakdown between gross revenue and net income was provided.
The $10.9 million is reported as a distinct line from any unrealized gain or loss in the Bitcoin position itself — a distinction that matters when evaluating whether the strategy produces real cash or simply marks up the treasury.
43,000-BTC Threshold
Crossing 43,000 Bitcoin in cumulative holdings represents a material step in Metaplanet's accumulation program. The company has not provided a total spending figure in the available disclosure, but at a $106,500 average cost across the full position, the arithmetic on deployment scale is straightforward for any reader doing the math.
No cumulative revenue figure from the income strategy, nor any forward guidance on purchase targets, appeared in the disclosed summary.