Tokyo-listed Metaplanet has bought one other 9.5 billion yen ($60.6 million) value of Bitcoin, pushing its holdings to 1,761.98 BTC.
Metaplanet, a publicly traded Japanese firm, has acquired 619.7 Bitcoin as a part of its crypto treasury technique, paying a median of 15,330,073 yen per (BTC), with a complete funding of 9.5 billion yen.
In accordance with the corporate’s newest monetary disclosure, Metaplanet’s complete Bitcoin holdings now stand at 1,761.98 BTC, with a median buy worth of 11,846,002 yen (~$75,628) per Bitcoin. The corporate has spent 20.872 billion yen in complete on Bitcoin acquisitions, the doc reads.
The newest buy is the biggest to date for the Tokyo-headquartered firm and comes simply days after Metaplanet issued its fifth Sequence of Odd Bonds through non-public placement with EVO FUND, elevating 5 billion yen (roughly $32 million).
The proceeds from this issuance, as disclosed earlier, had been allotted particularly for buying Bitcoin. These bonds, set to mature in June 2025, carry no curiosity and permit for early redemption below particular situations.
Metaplanet buys dip
The corporate additionally shared updates on its BTC Yield, a metric used to measure the expansion of Bitcoin holdings relative to totally diluted shares. From Oct. 1 to Dec. 23, Metaplanet’s BTC Yield surged to 309.82%, up from 41.7% within the earlier quarter.
Bitcoin itself has seen sturdy efficiency this 12 months, climbing 120% and outperforming property just like the Nasdaq 100 and S&P 500 indices. Nonetheless, it has just lately pulled again from its all-time excessive of $108,427, buying and selling at $97,000 after the Federal Reserve indicated solely two rate of interest cuts in 2025.
Regardless of the retreat, on-chain metrics point out that Bitcoin continues to be undervalued primarily based on its Market Worth to Realized Worth (MVRV-Z) rating, which stands at 2.84 — under the brink of three.7 that traditionally alerts an asset is overvalued.
