Metaplanet Acquires 775 BTC for $93 Million at Average Price of $120,000
Metaplanet has acquired 775 BTC for approximately $93 million at an average price of $120,000. Following this acquisition, Bitcoin's price fell to around $115,000.
Current holdings include:
- 18,888 BTC valued at $1.94 billion
- Average acquisition price of $102,653 per BTC
Metaplanet reported a year-to-date BTC yield of 480.2% for 2025. The company's stock rose to 900 yen, up about 300% over six months. In Q2, revenue increased by 41% quarter-on-quarter, reaching $8.4 million.
Future plans involve accumulating 30,000 BTC by year-end and targeting 1% of total Bitcoin supply by 2027. Publicly traded companies currently hold over 935,000 BTC, led by MicroStrategy with 628,946 BTC.
Market Analysis
Analysts caution about Bitcoin's recent performance, identifying a rising wedge breakdown. Key support levels are:
- $110,000–$112,000 (first support)
- $105,000–$108,000 (next demand zone)
- $98,000–$100,000 (psychological level in extreme scenarios)
Bitcoin is experiencing volatility after failing to maintain the $118,000 level, currently trading around $115,200, down 2.45% in the last 24 hours.
Emerging Projects
Bitcoin Hyper is gaining attention through its presale, designed to tackle Bitcoin’s transaction issues. It aims to enhance scalability via a Layer 2 infrastructure.
Token details include:
- Ticker: HYPER
- Presale Price: $0.012745
- Funds Raised: $10.3 million