Metaplanet Inc. has acquired an extra 145 bitcoin for roughly ¥1.926 billion ($13.6 million), reaching a major milestone of 5,000 BTC in whole holdings. The Tokyo Change-listed firm executed the acquisition at a median value of ¥13,280,472 ($93,327) per bitcoin.
Metaplanet’s bitcoin treasury is acquired for $428.1 million, with a median acquisition value of $85,621 per coin. “This can be a massive step ahead in our purpose to turn into one of many world’s main bitcoin holding corporations,” Metaplanet CEO Simon Gerovich mentioned in an announcement. “We’ll lead the worldwide bitcoin race from Japan.”
The corporate’s aggressive accumulation technique follows its profitable capital increase in mid-2024, structured by way of zero-discount transferring strike warrants. The funding was dubbed “Asia’s largest-ever” bitcoin-focused capital increase.
Metaplanet’s proprietary BTC Yield metric, which measures bitcoin-per-share development, reached 121.1% YTD. The corporate goals to build up 10,000 BTC by the top of 2025 and 21,000 BTC by 2026.
The corporate’s bitcoin technique mirrors that of U.S.-based Technique, with each companies specializing in bitcoin as a treasury reserve asset. Metaplanet now ranks among the many high 10 publicly listed bitcoin holders globally.
The acquisition comes as bitcoin trades round $92,800, with institutional curiosity persevering with to develop by way of numerous funding autos together with ETFs and company treasury allocations.