Metaplanet Lifts Bitcoin Treasury to 43,000 BTC in Q2 as K Wave Media Sells Out

BBX News — Metaplanet and K Wave Media laid out sharply different approaches to Bitcoin treasury strategy on the same day, underscoring a widening split among crypto-linked equities at the start of the second half of 2026. Metaplanet Inc. (TSE: 3350) said it bought 2,823 BTC in Q2 for about ¥3.589 billion (roughly $223 million), paying an average price of about $78,835 per coin. Total holdings rose to 43,000 BTC, with an aggregate cost of around $4.08 billion and a historical average cost of about $95,217. The company's disclosure marked its first public update on Bitcoin purchases since April. Metaplanet also reported that Q2 revenue from its Bitcoin revenue-generating business fell about 41% year over year. Under its "555 Plan," the company's year-end target is 100,000 BTC, implying progress of roughly 43% so far. Metaplanet added that it is working with Siiibo Securities to develop Bitcoin yield products. K Wave Media (Nasdaq: $KWAV) said it has fully liquidated its Bitcoin holdings, according to a disclosure dated July 2. The company filed a suspended registration statement with the SEC on June 30 seeking to raise up to $250 million, with proceeds earmarked for AI data centers and GPU computing infrastructure. K Wave Media is also planning to rename itself Talivar Technologies and said it is weighing a reverse stock split to preserve Nasdaq listing eligibility. The move marks a reversal from its earlier plan to buy $1 billion of Bitcoin and reach 10,000 BTC by the end of 2025, which it has now abandoned. The company continues to face a risk of Nasdaq delisting. Source: bbx.com