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Bitcoin Updates: Metaplanet Increases Its Bitcoin Assets While Competitors Shift Focus from Mining

Bitcoin Updates: Metaplanet Increases Its Bitcoin Assets While Competitors Shift Focus from Mining

Bitget-RWA2025/11/14 06:16
By:Bitget-RWA

- Metaplanet boosted Bitcoin holdings via $100M credit and 75B yen buybacks, now holding 30,823 BTC ($3.5B) to drive capital strategy. - Q3 revenue surged 115.7% to ¥2.438B as peers like TeraWulf shift from mining to HPC amid declining crypto profitability. - Japan's JPX considers stricter crypto treasury rules after Metaplanet lost 82% of peak value since May amid market volatility. - BitMine Immersion accelerated Ethereum accumulation to 110,288 ETH ($12.5B) while Hyperscale Data targets 100% Bitcoin/mar

Metaplanet, recognized as Japan's top digital asset treasury manager,

, utilizing a $100 million credit line and initiating a 75 billion yen stock buyback to strengthen its reserves. The company now holds 30,823 BTC, worth about $3.5 billion, which forms the foundation of its assertive capital deployment plan. This strategy involves broadening its crypto holdings and boosting shareholder returns through repurchases . This development follows a 115.7% quarter-on-quarter jump in revenue for Metaplanet’s Bitcoin unit, reaching 2.438 billion yen and leading to a revised annual projection of 6.8 billion yen .

The company's approach stands in contrast to competitors such as

, which has redirected its efforts from Bitcoin mining toward high-performance computing (HPC) due to shrinking margins. In October, TeraWulf’s daily Bitcoin mining income dropped by 7% even as it achieved a record hash rate, . Meanwhile, (GPUS), a company specializing in AI-driven data centers, —representing 66% of its market value—through a combination of mining and market acquisitions. The firm reaffirmed its intention to accumulate Bitcoin equal to its entire market capitalization as part of a $100 million digital asset treasury initiative .

BitMine Immersion Technologies, another significant industry participant,

, acquiring 110,288 ETH last week—a 34% rise from the previous period. With total assets now valued at $12.5 billion, BitMine’s chairman Tom Lee highlighted Ethereum’s potential as a “super cycle story” amid increasing Wall Street interest. Nevertheless, the company’s treasury is under short-term strain as ETH is trading at $3,561, .

Regulatory oversight is tightening in Japan, where the Japan Exchange Group (JPX) is weighing tougher regulations for firms shifting toward crypto asset accumulation. This comes after sharp declines in digital asset treasury stocks,

since May. Metaplanet CEO Simon Gerovich defended the company’s governance, citing five shareholder meetings over two years and strict compliance with procedures during its transition from hospitality to Bitcoin . The firm’s Q3 financials revealed a significant turnaround, with ordinary profit soaring to 23.2 billion yen ($150 million) and total assets climbing to $3.56 billion, largely due to its Bitcoin holdings .

Despite ongoing market swings, Metaplanet’s commitment to long-term Bitcoin integration remains firm. The company’s Bitcoin-secured loan and systematic dollar-cost averaging are designed to lower its average purchase price, which is currently $108,000 per Bitcoin—5% higher than the current market rate of $103,000

. This strategy supports its ambition to acquire 210,000 BTC by 2027 .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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