Metaplanet Don Increase Bitcoin Holdings to 17,595 BTC with August Purchase
Metaplanet don tok say dem buy 463 BTC for August, dem spend ¥8 billion (~$53.7 million) with average price $115,895 per BTC. Dis Metaplanet bitcoin buy don raise di total BTC dem hold to 17,595 BTC—wey worth over $2 billion—and place di company as di seventh biggest corporate BTC holder.
Di purchase dem time am to take advantage of 5% weekend drop for bitcoin price. Meanwhile, US spot bitcoin ETFs lose $812.3 million for outflows at di start of August, wey stop seven weeks straight inflows. But spot ethereum ETFs get $154 million net inflows, marking 12 weeks in a row gain.
Under CEO Simon Gerovich, Metaplanet dey target 210,000 BTC by end 2027 (1% of total supply). Dem don achieve 8.4% of dat goal and report 459.2% year to date BTC yield. Bitcoin dey trade near $114,000, down about 4% for di past week. Historically, August get average 11.4% BTC decline, but bull-market years like 2025 fit change di trend. Investors suppose watch if corporate demand go balance out seasonal headwinds and ETF outflows.
Bullish
Metaplanet strategic buy for 463 BTC when weekend price drop show say company get strong confidence for bitcoin long-term value. Similar company accumulation like Tesla buy for 2021 don always support price floor and make traders confident before. For short term, dis buy fit help stabilize BTC as e absorb liquidity and back price when ETF dem dey flow out. For long term, Metaplanet effort to reach 210,000 BTC dey increase supply pressure and show say institution demand dey high. Together, dis factors mean say bitcoin get better chance to go up.