Metaplanet (3350) said it bought an additional 269.43 Bitcoin (Btc), strengthening its position as a major cryptocurrency corporation holder. The latest purchase, worth 4 billion yen ($ 26.4 million), takes Tokyo -based company holders to 2,031.41 BTC.
The purchase is part of the continued operation of the company’s Bitcoin treasury; It started buying the largest cryptocurrency in April 2024 and now made Combined —Show investment of 24.9 billion yen At an average price of 12.2 million yen, it said in a document posted on its website.
The transition aligned with the promise of metaplanet with the increase in Bitcoin yield, a measure of a change in the ratio of BTC handling the rest. The company achieved a yield of nearly 310% in the fourth quarter, and its yield for the first quarter is currently 15.3%.
Following the purchase last month $ 745 million exercises in raising funds by the release of 21 million shares. Bitcoin’s purchase approach reflects corporate pioneers such as microstrategy, and it becomes more popular in Japan’s financial sector. Last week, the energy firm Remixpoint said it spent 9 billion yen buying Bitcoin last year.
Among the companies that have been publicly exchanged, Metaplanet has the 16th largest stack, according to the Bitcoin Treasury. Metaplanet sharing rose 2.2% to 6,040 yen on Monday.
