Metaplanet Spends One other 4B Yen Shopping for Bitcoin, Lifting Holdings Above 2K BTC

Metaplanet (3350) mentioned it purchased an extra 269.43 bitcoin (BTC), strengthening its place as a significant company holder of the cryptocurrency. The most recent buy, valued at 4 billion yen ($26.4 million), takes the Tokyo-based firm’s holdings to 2,031.41 BTC.

The acquisition is a part of the corporate’s ongoing Bitcoin Treasury Operations; it began shopping for the most important cryptocurrency in April 2024 and has now made an mixture funding of 24.9 billion yen at a median value of 12.2 million yen, it mentioned in a doc posted on its web site.

The transfer aligns with Metaplanet’s dedication to rising its bitcoin yield, a measure of the change within the ratio of BTC holdings to shares excellent. The corporate achieved a yield of virtually 310% within the fourth quarter, and its yield for the primary quarter is at the moment 15.3%.

The acquisition follows final month’s $745 million fund-raising train via the issuance of 21 million shares. The bitcoin-buying technique mirrors that of company pioneers like MicroStrategy, and it rising in popularity in Japan’s monetary sector. Final week, power agency Remixpoint mentioned it spent 9 billion yen shopping for bitcoin final yr.

Amongst publicly traded corporations, Metaplanet now has the Sixteenth-largest stack, in accordance with Bitcoin Treasuries. Metaplanet shares rose 2.2% to six,040 yen on Monday.