Metaplanet (3350) has recently announced the acquisition of an additional 518 bitcoin (BTC) as part of its ongoing Bitcoin Treasury Operations. This strategic move was executed at an average price of $118,519 per bitcoin, resulting in a total purchase value of approximately $61 million, according to a statement released by the Tokyo-based investment firm.
With this latest purchase, Metaplanet, known for holding the sixth-largest corporate reserve of bitcoin, has significantly increased its holdings to 18,113 BTC, currently valued at around $1.85 billion. The company had previously acquired bitcoin at an average price of $101,911 per bitcoin.
In addition to the purchase update, Metaplanet also shared insights into its bitcoin-related performance metrics. Notably, the BTC Yield for the period between July 1 and August 12 stood at 26.5%, indicating growth in bitcoin holdings relative to fully diluted shares outstanding.
Over previous quarters, Metaplanet’s BTC Yield figures have shown varying trends. Starting at 41.7% in the third quarter of 2024, the figure surged to 309.8% by year-end, only to drop to 95.6% in the first quarter before rebounding to 129.4% in the second quarter.
The company closely monitors metrics such as BTC Yield and BTC Gain to evaluate the positive impact of its bitcoin acquisition strategy on shareholders. Despite this, Metaplanet’s stock experienced a 2.7% decline to 975 yen ($6.6) on Tuesday.
For more details: Metaplanet Demonstrates Confidence in Bitcoin, Expands Holdings with New $54M Acquisition
