Japanese investment firm Metaplanet has purchased 797 BTC for $93.6 million at an average price of $117,451 per coin, adding to its current balance of 16,352 Bitcoin bought at an average of $100,191 each for a total of about $1.64 billion.
Metaplanet's rapid accumulation of Bitcoin has been driven by high returns, with a BTC Yield metric of 435.9% from January through mid-July, reflecting Bitcoin's rally this year.
Metaplanet treats Bitcoin treasury operations as a core business line since December 2024, utilizing borrowings against its holdings to optimize costs and aims to hold 210,000 Bitcoin by the end of 2027.
Experts caution against aggressive accumulation strategies like Metaplanet's, emphasizing the need for a steady plan for corporate treasuries in Bitcoin investments as Bitcoin hits a new all-time high price of $122,382.