Japan’s metaplanet bought an additional 555 Bitcoin as part of the aggressive accumulation approach, bringing its total handling to 5,555 BTC – costing more than $ 536 million at current prices.
On May 7, the firm listed in Tokyo announced that it spent $ 53.4 million getting 555 Bitcoin (Btc) at an average price of $ 96,134. The company now holds 5,555 BTC, bought $ 481.5 million at an average price of $ 86,672 per Bitcoin, According to In CEO Simon Gerovich.
The company also announced the release of another $ 25 million in zero-coupon ordinary bonds to fund the BTC’s ongoing purchase. Since early 2024, the firm has raised more than 35 billion yen ($ 244 million) by zero-coupon bond and stock acquisition rights through its Evo Fund partner.
The company’s proprietary key indicator of the company’s performance, BTC Yield, advanced to previous quarters, up to 309.8% in Q4 2024, 95.6% in Q1 2025, and 21% in the current quarter.
“In the afternoon, the number 5 is pronounced” Go, “so now we cry: go away to go – to the moon and more!” Gerovich said in a post in X.
Related: Eric Trump joins the Metaplanet Strategic Board of Advisers
Metaplanet announces US subsidiary
On May 1, metaplanet announced Plans to launch a full hand -owner The US subsidiary, Metaplanet Treasury Corp., based in Florida. The entity plans to raise up to $ 250 million to further the Bitcoin approach and to tap US capital markets.
Metaplanet is currently the largest public holder of the Bitcoin corporate and the rank of 11 -11 worldwide, according to bitcointreasuries.net.
At the beginning of April, The firm announced its getting 696 BTC for 10.2 billion yen ($ 67 million). Later on the same month, the firm Got 330 Bitcoin for $ 28.2 million At an average price of $ 85,605 per BTC, bringing its total handling to 4,855.
On April 24, the firm revealed that it had bought an additional 145 BTC for 1.9 billion Japanese yen (around $ 13.4 million), strengthened its total handling to 5,000 BTC.
Its shares moved 11% at noon to Tokyo exchange, according to Data From Google Finance.
Magazine: Rise of Microstrategy Clones, Asia leads Crypto Adoption: Asia Express 2024 Review
