Metaplanet returned to Bitcoin buying in the second quarter after pausing purchases since April. The Japan-based Bitcoin treasury company added 2,823 BTC as Bitcoin moved back above the $60,000 mark. The purchase lifted its total holdings to 43,000 BTC by June 30. The update came as traders tracked ETF outflows, low volatility, and weak retail inflows.
Metaplanet Adds 2,823 BTC to Its Treasury
Metaplanet bought 2,823 BTC for ¥35.89 billion, or about $222.6 million. The company paid an average price of ¥12.71 million per Bitcoin for the latest purchase. After the buy, its total Bitcoin holdings reached 43,000 BTC. Metaplanet’s disclosure page listed the purchase notice on July 2, alongside its Q2 Bitcoin Income report.
Metaplanet BTC Purchases | Source: X
The company held 40,177 BTC at the end of March, before the latest quarterly addition. Its total purchase cost now stands at ¥659.26 billion, or about $4.08 billion. Metaplanet said its average cost across all holdings stands near ¥15.33 million per BTC. The company valued its Bitcoin reserves at about ¥409 billion as of June 30.
Bitcoin Income Business Supports Q2 Purchase
Metaplanet connected part of the second-quarter buying to its Bitcoin Income business. The company said it used targeted buying through Bitcoin option sales as part of its treasury plan. That approach gave the company more BTC exposure while creating income from its Bitcoin-related activity.
The Bitcoin Income business recorded ¥1.75 billion in revenue during the quarter. After counting that income, Metaplanet placed the effective acquisition cost at ¥34.14 billion. That lowered the average purchase price for the new BTC to about ¥12.09 million per coin. The company also reported a BTC Yield of 6.6% for the second quarter.
Metaplanet funded its Bitcoin treasury activity mainly through credit facilities and bonds. The company said it avoided new common share issuance during the quarter, apart from proceeds linked to the Bitcoin Income business. This kept focus on debt funding and income from treasury operations, rather than direct equity dilution.
Bitcoin Price Rebounds Above $60,000
Bitcoin traded back above $60,000 and rallied over 4% to $61,200 on July 2 after recent pressure near the $57,700 to $58,000 area. The rebound followed a weak June, when ETF outflows and lower risk appetite weighed on the market. Several reports placed Bitcoin near the $60,000 zone on Thursday, with price action still below earlier 2026 highs.
BTCUSD 1-Day Chart | Source: CoinCodex
The $60,000 level remains important for short-term market direction. A move above $61,000 to $62,000 could support another test of higher levels. However, a failure to hold the current range could bring attention back to the $57,000 to $58,000 support area. Traders continue to watch U.S. rate expectations and dollar strength.
Retail Inflows Stay Weak as ETF Selling Continues
CryptoQuant analyst Darkfost said retail Bitcoin inflows to Binance have fallen to record lows. He said wallets holding less than 1 BTC sent about 329 BTC per day to Binance. That compares with about 2,690 BTC per day during the 2021 bull-market peak. The data points to a weaker retail comeback in this market cycle.
BTC Binance Inflows | Source: CryptoQuant
At the same time, spot Bitcoin ETF flows remain a key market factor. Previously, we covered that Citi cut its 12-month Bitcoin target to $82,000 from $112,000. The bank cited weak investor demand, negative ETF flows, and slow progress on U.S. crypto legislation.
