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 complete holdings. The Tokyo Alternate-listed firm executed the acquisition at a median worth of ¥13,280,472 ($93,327) per bitcoin.
Metaplanet’s bitcoin treasury is acquired for $428.1 million, with a median acquisition price of $85,621 per coin. “It is a large step ahead in our intention to change into one of many world’s main bitcoin holding firms,” 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 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 tip of 2025 and 21,000 BTC by 2026.
The corporate’s bitcoin technique mirrors that of U.S.-based Technique, 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 by way of numerous funding automobiles together with ETFs and company treasury allocations.
