Metaplanet resumes Bitcoin buy after April as BTC reclaims $60K

Published: 2026-07-02 12:03:28 |

Metaplanet returned to Bitcoin buying in Q2, adding 2,823 BTC (about $222.6M) after pausing since April. The purchase came as BTC rebounded above $60,000, trading around $61,200. Metaplanet said the total now reaches 43,000 BTC as of June 30, with a near-¥15.33M average cost per BTC. The treasury company funded the activity mainly via credit facilities and bonds and avoided new common share issuance, aside from revenue linked to its “Bitcoin Income” business. Metaplanet reported ¥1.75B in Q2 revenue from options-related activity tied to its Bitcoin plan, reducing the effective acquisition cost for the latest BTC to about ¥12.09M per coin. It also cited 6.6% BTC Yield for the quarter. Traders are watching broader flows and positioning. Reports highlighted continued spot Bitcoin ETF outflows and weak retail inflows into Binance—CryptoQuant said wallets under 1 BTC sent only ~329 BTC/day to Binance, far below the 2021 peak (~2,690 BTC/day). Near-term, the $60K level is seen as a key pivot. A hold above $61K–$62K could support further upside tests, while rejection may refocus attention on the $57K–$58K support zone. Overall, Metaplanet’s buying is supportive, but ETF selling and muted retail demand temper follow-through.

Neutral

Metaplanet’s 2,823 BTC buy and rising treasury total (to 43,000 BTC) provide a clear spot-demand signal, which historically tends to support BTC during consolidation phases. Similar “treasury re-accumulation” cycles have often helped stabilize dips and improve sentiment when macro/market flows are mixed. However, the article also flags persistent headwinds: continued spot Bitcoin ETF outflows and record-low retail inflows to Binance. That combination usually limits follow-through on rallies because it reflects weaker broad participation and sustained selling pressure from ETFs. So the net effect is mixed. In the short term, BTC’s reclaim of $60K and Metaplanet’s additional buying may help buyers defend the $60K–$61K area. In the longer term, market stability will likely depend more on whether ETF flows turn from outflows to inflows and whether retail demand returns; otherwise, Metaplanet’s purchases may only smooth volatility rather than trigger a sustained trend.