Metaplanet Inc. has acquired an extra 145 bitcoin for roughly ¥1.926 billion ($13.6 million), reaching a big milestone of 5,000 BTC in whole holdings. The Tokyo Trade-listed firm executed the acquisition at a mean value of ¥13,280,472 ($93,327) per bitcoin.
Metaplanet’s bitcoin treasury is acquired for $428.1 million, with a mean acquisition value of $85,621 per coin. “It is a large step ahead in our purpose to grow to be one of many world’s main bitcoin holding firms,” Metaplanet CEO Simon Gerovich stated in a press release. “We are going to lead the worldwide bitcoin race from Japan.”
The corporate’s aggressive accumulation technique follows its profitable capital increase in mid-2024, structured via zero-discount shifting 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 Strategy, with each corporations specializing in bitcoin as a treasury reserve asset. Metaplanet now ranks among the many prime 10 publicly listed bitcoin holders globally.
The acquisition comes as bitcoin trades round $92,800, with institutional curiosity persevering with to develop via varied funding automobiles together with ETFs and company treasury allocations.
