Tokyo is listed Metaplanet Inc. (3350) Got an additional 775 Bitcoin
For 13.73 billion yen (about $ 94 million)According to the latest filing.
The purchase, made at an average price of 17.72 million yen ($ 120,500) Each Bitcoin, raised the company’s total handling to 18,888 BTC, worth about 284.1 billion yen ($ 1.95 billion). This purchase keeps them as the seventh largest Bitcoin treasury company.
Throughout all purchases, the average cost of getting metaplanet now stands at 15.04 million yen per BTC ($ 102,100).
The company reported a Bitcoin harvest of 29.3% for the latest period, down from 129.4% to Q2. Multiple in the net asset value remains close to 2, the lowest since it initiated BTC accumulation.
The company carries $ 117 million in the remaining debt, the action of the metaplanet is minimal compared to its bitcoin reserves. “Metaplanet now holds $ 2.18 billion in BTC against just $ 120 million of the remaining 0% ordinary bond,” said Dylan LeclairDirector of Bitcoin Strategy.
“Our 19th series of ordinary bonds is 18.67x over-collateralized by our BTC position, and currently represents the sole liability within our capital structure.”
Metaplanet shares rose 4% to close to 900 yen on Monday, even though Bitcoin slipped into $ 115,500Reflects the investor’s confidence in the approach to the balance of the company’s sheet.
