Metaplanet Buys Bitcoin on Price Dip, Reaches 18.67x BTC Rating!

Jakarta, Pintu News – Metaplanet, dubbed “Japan’s MicroStrategy,” capitalized on the recent Bitcoin price drop by adding 775 Bitcoin holdings today.

With these consistent Bitcoin purchases, the company now has a BTC ratio of 18.67x, putting it in a fairly strong position to weather Bitcoin’s volatility.

After hitting a record high last week, BTC prices have corrected more than 7% and are currently finding support levels around $115,000.

Metaplanet adds to its Bitcoin holdings, reaching a BTC rating of 18.67x

On August 18, Metaplanet, dubbed “Japan’s MicroStrategy,” announced the purchase of an additional 775 BTC, bringing the company’s total Bitcoin holdings to 18,888 BTC.

Read also: Bitcoin Price Plummets to $115K Today (August 18) as Spot BTC ETFs Take Center Stage

Based on data from Bitcoin Treasuries, Metaplanet is now the seventh largest holder of Bitcoin and is close to overtaking Bitcoin mining platform Riot. Meanwhile, Peter Thiel-backed crypto exchange Bullish broke into the top five after a successful IPO last week.

Following this latest Bitcoin purchase, the Japanese company reported a year-to-date (YTD) Bitcoin yield of 480.2% for 2025. In addition, Metaplanet’s average BTC purchase price stands at $102,653 per coin.

Dylan LeClair, the company’s chief Bitcoin strategist, noted that Metaplanet’s Bitcoin holdings are now worth about $2.18 billion, far exceeding its 0% unmatured ordinary bonds worth about $120 million.

The company’s 19th Series bonds are also over-collateralized by 18.67 times through their BTC reserves.

As such, the company’s BTC rating stands at 18.67x, which means that the company’s Bitcoin reserves are more than 18 times the outstanding debt. Dylan LeClair adds:

“Under current conditions, the price of Bitcoin would need to fall by 94.6% to around ~$6,200 for our BTC NAV to be comparable to our outstanding senior bond obligations.”

In summary, Metaplanet confirms its very strong position in the face of Bitcoin market volatility, with reserves that far exceed its debt obligations.

Metaplanet Shares Wanted After Strong Second Quarter Performance

Metaplanet shares were targeted by investors after reporting the strongest second quarter 2025 performance in the company’s history.

Last week, it was the number 1 stock bought through NISA accounts, showing that investors see it as a strong alternative way to gain exposure to Bitcoin. However, the share price has taken a hit, correcting 17% last week, and is now hovering around 850 JPY.

The second quarter performance was driven by aggressive Bitcoin accumulation and improved financial metrics. CEO Simon Gerovich emphasized this achievement through a post on X, stating, “This was the strongest quarter in Metaplanet’s history.”

For Q2, the company reported an ordinary profit of ¥17.4 billion, a sharp turnaround from a loss of ¥6.9 billion in the previous quarter. Net income rose to ¥11.1 billion, compared to a loss of ¥5.0 billion a year earlier.

Read also: Japan Prepares to Launch Its First Yen-Pegged Stablecoin!

Revenue increased 41% on a quarter-on-quarter basis to ¥1,239 billion, while gross profit rose 38% to ¥816 million. Total assets jumped 333% to ¥238.2 billion ($1.61 billion), and net equity rose 299% to ¥201.0 billion ($1.36 billion), resulting in an equity ratio of 84.2%.

Simply put, Metaplanet showed remarkable financial growth while strengthening its position as one of the major players in the Bitcoin market.

Bitcoin Price Experiences Sharp Correction

After hitting an all-time record high of $124,500 last week, driven by expectations of a Fed rate cut, Bitcoin price has now corrected by 7%, and is currently finding support levels around $115,000.

Today’s selling pressure came alongside a 22% increase in daily trading volume to $57 billion.

Market analysts predict that BTC could drop further to take support at the $110,000 level, before rebounding again.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Metaplanet Buys the Bitcoin Dips with an 18.67x BTC Rating. Accessed on August 18, 2025
• Crypto News. Metaplanet Expands Bitcoin Holdings with 775 BTC Purchase. Accessed on August 18, 2025