Japan's Metaplanet Plants Its Flag in the US With $132M Bitcoin Treasury Deal
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Metaplanet expands Bitcoin treasury strategy to US with 2,100-BTC Nasdaq play
The proposed deal with Nasdaq-listed Super League Enterprise would give the Tokyo-based company a foothold in US capital markets while using existing Bitcoin rather than additional purchases.
Metaplanet raked in 2,823 BTC in Q2; KWAV completely liquidated his Bitcoin holdings and shifted his focus entirely to AI.
According to ChainCatcher and BBX data, yesterday saw a stark divergence in digital asset treasury strategies among listed companies worldwide, with some aggressively building positions while others drastically reduced them. The latest real-world balance sheet adjustments are as follows: Metaplanet spent a whopping $220 million in Q2: Metaplanet Inc. (TSE: $3350) officially filed a document with the Tokyo Stock Exchange yesterday disclosing that it purchased 2,823 Bitcoins in the second quarter of 2026, paying approximately 3.589 billion yen (approximately $223 million), at an average price of approximately $78,835 per Bitcoin. This purchase increased the company's total Bitcoin holdings to 43,000 Bitcoins, with a total cost of approximately 659.26 billion yen (approximately $4.08 billion). CoinDesk also confirmed on the same day that it recorded "Bitcoin revenue generation" in Q2, but this was suppressed by the decline in Bitcoin prices, resulting in a decrease of approximately 41% compared to the previous quarter. KWAV Strategically Turns Against the Company, Completely Selling Off its Bitcoin Holdings: K Wave Media (NASDAQ: $KWAV) filed a deferred registration statement with the SEC on June 30th, indicating its complete withdrawal from its previously high-profile Bitcoin Treasury plan. All of its Bitcoin holdings have been liquidated. The company plans to redirect up to $250 million in follow-on funding, originally intended for Bitcoin purchases, to AI data centers and GPU computing infrastructure. Along with this liquidation, K Wave Media announced plans to change its name to Talivar Technologies, abandoning its former image as an Asian "Bitcoin follower." Due to the ripple effect triggered by Bitcoin's sharp decline from its $126,000 high, the company is currently considering a reverse stock split to meet Nasdaq's minimum listing maintenance requirements, hastily entering the capital-intensive AI sector.
Metaplanet Denies Selling $320M in Bitcoin as Firm Launches BitBonds
The company's CEO said a 5,014 BTC transfer was a custody move, not a sale, as the Tokyo-listed Bitcoin treasury company rolls out a fixed-rate debt program.
BNB Chain will hold the BNB Chain Tokyo event during the WebX conference in Japan.
According to Odaily sources, BNB Chain will host the BNB Chain Tokyo event during the WebX conference in Japan. The event will take place on July 13th from 17:30 to 22:00 (GMT+9). The event will feature a panel discussion by KOLs on the vitality and development momentum of the BNB ecosystem, as well as interactive booths and food and drinks. Due to limited space at the event venue, BNB Chain strongly recommends that users arrive as early as possible to ensure smooth entry. Once the venue reaches its capacity, entry will be on a first-come, first-served basis.
Analysis: Demand in the US market remains weak, making it difficult for Bitcoin's July rally to continue.
According to Mars Finance, on July 7th, multiple indicators suggest that Bitcoin's July rally remains fragile. One of the most closely watched indicators, the Coinbase Premium Index, has been negative for 50 consecutive days. This indicator measures the price difference of BTC on the US trading platforms Coinbase and Binance. The continued underperformance of BTC on Coinbase compared to Binance indicates relatively weak demand in the US market. Meanwhile, US spot Bitcoin ETFs have seen net outflows for eight consecutive weeks, whereas historically, Bitcoin bull runs have typically been accompanied by a consistently positive Coinbase Premium Index. Japanese bond yields continue to rise, with the 10-year Japanese government bond yield reaching a 30-year high, pushing up borrowing costs in the US, UK, and Germany. If US Treasury yields continue to rise, it could pose resistance to BTC. Bitfinex analysts stated that structural institutional buying remains unverified until BlackRock's IBIT resumes its sustained inflows. Singapore-based crypto trading firm QCP Capital stated that if the spot Bitcoin ETF continues its trend following last Friday's return to inflows, the short-term outlook remains constructive. The agency added that if BTC clearly reclaims $64,000 this week, it will further boost market sentiment and alleviate market concerns about Strategy (MSTR), a publicly traded Bitcoin holding company.
Strategy sold over $200 million worth of BTC in a single week, while Metaplanet made its first BTC purchase in ten weeks.
According to data from SoSoValue, as of 8:00 AM Odaily on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $10.57 million, a decrease of 27.85% compared to the previous week. Strategy (formerly MicroStrategy) sold 1,363 bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 bitcoins; on July 5, it sold another 2,225 bitcoins for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 bitcoins. For the first time in 10 weeks, Japanese listed company Metaplanet announced an investment of $225 million to purchase 2,823 bitcoins at a price of $79,664, bringing its total holdings to 40,177 bitcoins. In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5th that it purchased 1 Bitcoin, the exact amount of which was not disclosed, bringing its total holdings to 3,897 Bitcoins. Asset management company Strive announced on July 6th that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins. As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 1,141,812, a decrease of 0.04% compared to last week. The current market value is approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market capitalization.