Metaplanet on a Bitcoin Buying Spree – Company Announced Another Purchase
The post Metaplanet on a Bitcoin Buying Spree – Company Announced Another Purchase appeared on BitcoinEthereumNews.com.
Bitcoin Metaplanet Inc., a forward-thinking technology firm listed on the Tokyo Stock Exchange (TSE Standard 3350), has once again demonstrated its commitment to cryptocurrency investments with the acquisition of additional Bitcoin. The company recently purchased 160 BTC for a total of $13.5 million at an average price of $84,000 per Bitcoin. This strategic purchase brings Metaplanet’s total holdings to 4,206 BTC, valued at approximately $358 million. Strategic Expansion of Bitcoin Holdings Metaplanet’s decision to expand its Bitcoin portfolio is in line with its broader strategy of diversifying assets and positioning itself as a leader in the digital currency space. The company aims to capitalize on the growing global interest in Bitcoin, recognizing the potential for long-term value growth. At the time of the purchase, the average price per Bitcoin was $84,000, which is slightly above the company’s overall average purchase price of $85,000 per Bitcoin. This shows that Metaplanet continues to invest at competitive rates, allowing it to scale its holdings efficiently. Recent Performance and Outlook Metaplanet’s Bitcoin performance has been dynamic in recent months, as shown by fluctuations in its BTC Yield: From July 1, 2024 – September 30, 2024, the company achieved a BTC Yield of 41.7%. In the period from October 1, 2024 – December 31, 2024, BTC Yield spiked to 309.8%. For January 1, 2025 – March 31, 2025, the company recorded a more modest BTC Yield of 95.6%. As of April 1, 2025 – April 2, 2025, BTC Yield is at 3.9%, reflecting the ongoing but slightly slower pace of acquisitions in the current quarter. These figures show how Metaplanet’s Bitcoin strategy has adapted to market conditions, with varying yields reflecting the company’s ability to adjust its purchasing patterns in response to the changing value of Bitcoin. Bitcoin Holdings and Share Issuance Update Metaplanet also provided…
Filed under: News - @ April 2, 2025 11:25 am