Metaplanet (MTPLF) Stock Shows Recovery Signs Amid 775 Bitcoin Buy

Key Insights:

• Metaplanet stock jumped 4% despite a 3% fall in Bitcoin price.
• MTPLF and Metaplanet stocks could recover as the RSI could start reversing from the oversold zone.
• Metaplanet acquired 775 BTC worth $93 million at an average price of $120,006 per Bitcoin.

Japan-based Metaplanet saw its stock price jump almost 4% on Monday despite Bitcoin price continuing its fall below $115,000. This happened as Metaplanet acquired an additional 775 BTC for $93 million, increasing BTC yield to 480.2% year-to-date (YTD) 2025. Will MTPLF stock finally recover?

7th largest Bitcoin treasury company Metaplanet’s stock price closed 3.93% higher at 900 JPY on August 18. The stock hit a low of 841 JPY as Bitcoin started to slide further, but rebounded to 900 JPY later.

As per Yahoo Finance, the stock price has recovered some monthly loss, but is still down 30% in a month. The year-to-date return was almost 160% at the time of writing.

The buying comes as the RSI indicator signaled the stock was oversold and climbed to 32.64 today, bringing a rebound. However, trading volume remained lower than the average volume of almost 44 million.

Indicators, including moving average (MA) and Bollinger bands, signaled an upcoming recovery in Metaplanet stock. The 50-MA above the 200-MA indicated positive sentiment.

In response to the recent stock pullback, Metaplanet CEO Simon Gerovich said the Q2 was the strongest in the company’s history. The company saw record operating profit and net income, with a positive cash flow.

Meanwhile, MTPLF stock closed 4.30% lower at $6.10 on Friday, down 20% in a week. However, the stock has rallied more than 168% YTD.

The stock remained one of the most traded stocks. In the daily timeframe, the stock was trading below the 50-SMA and 100-SMA. But, RSI has hit 30 and could bring a much-anticipated rebound, following Japan-listed Metaplanet stock.

Metaplanet, aka Asia’s MicroStrategy, purchased an additional 775 BTC at an average price of $120,006 per Bitcoin, as per an official announcement on August 18. With the latest Bitcoin buy, the company expanded its total Bitcoin holdings to 18,888 BTC.

Also, the company’s quarter-to-date BTC yield increased to 29.3% and YTD yield rose to 480.2%. Simon Gerovich added that the company will continue to buy Bitcoin under the accelerated Bitcoin strategy.

The company purchased its total BTC stack for nearly $1.94 billion at an average price of $102,653 per BTC. This makes the company sit on an unrealized profit of more than $292 million after the latest purchase.

Last week, Metaplanet purchased 518 BTC for $61.4 million at an average price of $118,519 per Bitcoin. The company’s Bitcoin stash topped Trump Media & Technology Group’s BTC holding.

Notably, Asia’s MicroStrategy has acquired 14,842 BTC since the company’s accelerated Bitcoin strategy in April this year. The company plans to hold at least 30,000 BTC by the year-end to generate value for its shareholders.

Bitcoin Price Slips Under $115,000

Bitcoin price tanked below $115,000 as selling pressure continued amid profit booking by traders after the hottest PPI inflation data. However, Metaplanet stock was unfazed by the fall in BTC price.

BTC price was trading at $114,831, down 3% in the last 24 hours. The intraday low and high were $114,972 and $118,595, respectively.

CoinGlass data also showed selling in the derivatives market. At the time of writing, the total BTC futures open interest fell more than 1% to $82.70 billion in the last 24 hours.

Meanwhile, BTC futures OI on CME and Binance dropped more than 3% and 3.40%, respectively. This signaled negative sentiment among derivatives traders.