Metaplanet, a Japanese Bitcoin Treasury Company, has bought An additional 150 bitcoin (Btc), bringing it a step closer to its plan to earn 21,000 BTC to 2026. The purchase of March 18 costs a combined -with 1.88 billion yen ($ 12.6 million) or $ 83,671 per Bitcoin.
The purchase brings total metaplanet handling to 3,200 BTC worth $ 261.8 million at this time of writing. Despite this latest purchase, metaplanet stock price dropped 0.5% during the day. On March 5, the company’s stock price Jump 19% after it announces Bitcoin’s latest purchase of 497 coins.
Metaplanet’s stock price change on March 18. Source: Finance on Google
To date, Metaplanet has released little of 44 million commonly sharing company stock to fund Bitcoin purchases. The use of stocks to raise money to buy Bitcoin gave the nickname “Asian microstrategy,” while the formula follows similar actions from Michael Saylor’s approach (formerly microstrategy).
Metaplanet’s BTC yield, a major performance indicator that shows the percentage change of BTC’s total handling compared to fully melted shares, is 60.8% for the ongoing quarter from January 1, 2025, until March 18, 2025. That was a smaller change than the previous quarter, which saw a yield of 310%.
Related: Japan’s metaplanet bought more bitcoin, explored US potential lists
Metaplanet’s March 18 Bitcoin Purchase makes Bitcoin’s 11th largest corporate holder and the largest in Asia, According to to data from bitgo.
Metaplanet’s 21,000 BTC plans release the investor’s interest
After the metaplanet announces its plan to become a Treasury company of Bitcoin, its stock price Rose 4,800% to Feb. 10. Although its stock price has fell 34% to 4,030 yen ($ 26.9) since Feb. 19, it is still above 150 yen ($ 1) registered it on March 19, 2024.
According to a company presentation, the base of the metaplanet shareholder rose 500% in 2024, with 50,000 people or creatures investing in the company. Its market capitalization increased by 9,652% a year, According to to data from stock review.
Related: Japan asked Apple, Google to remove unregistered crypto exchange apps
Metaplanet increases came as Japan showed a softening bearing towards digital ownership. On March 6, the country’s ruling party moved to Reduce Crypto Capital that gets tax by 20%. In November 2024, the government passed a stimulus package, The production of crypto tax reform.
Japanese lawmaker Satoshi Hamada has The government has asked to consider the creation of a strategic bitcoin reserve and convert part of the foreign exchange reserve to BTC.
However, Japanese Prime Minister Shigeru Ishiba later responded, the Japanese government said Not knowing enough about foreign planswhich made it difficult for the government to express its views on the subject.
Magazine: X Hall of Flame, Benjamin Cowen: Bitcoin’s dominance will fall in 2025
