Metaplanet bitcoin purchase: reserves increased to 44,000 BTC

The Metaplanet bitcoin purchase for July to September resulted in a net increase in the Japanese company’s reserves: over three months, it increased its holdings by 1,000 BTC, bringing the total to 44,000 bitcoins.

During the quarter, Metaplanet sold 10,000 BTC for $789.2 million, and then bought 11,000 BTC for $948.7 million. The average selling price was $78,925 per coin, and the average purchase price was $86,246.

“Trades Closed From +40% Profit”

“+1,300$/Month in Profit”

“Stable 500$–600$ Withdrawals”

Why Metaplanet Made Trades With a Price Difference

The company explained that the transactions were not aimed at short-term profit, but rather at testing the liquidity of its large bitcoin reserve. Metaplanet wanted to assess how quickly a significant amount of BTC could be converted into cash.

Company representatives also noted that the proceeds from selling 10,000 BTC exceeded the total amount of debt and interest obligations.

New Capital Allocation Model

In its quarterly report, Metaplanet outlined an updated approach to its asset structure. The company plans to hold about 85–90% of its capital in bitcoin, and to raise financing through issuing shares and other instruments without a fixed maturity date.