Metaplanet is aggressively expanding its Bitcoin reserves, aiming to become Asia's largest holder. The company's reserves rose to 3,350 BTC with its latest purchase.
Metaplanet's Expanding Bitcoin Holdings
The company's recent purchase of 150 BTC at an average price of $83,801 per Bitcoin increased its total investment to $292.8 million. Metaplanet is now the world's 10th largest public Bitcoin holder, trailing behind MicroStrategy.
Strategic Expansion and Leadership Moves
Eric Trump recently joined Metaplanet's Strategic Board of Advisors. CEO Simon Gerovich believes this will bolster the company's position as a leading Bitcoin Treasury firm in Asia.
Metaplanet's Bitcoin Yield
BTC Yield reflects the growth in the company's Bitcoin holdings. In Q3 2024, it was 41.7%, rising to 309.8% in Q4.
Metaplanet continues to be a significant player in the Bitcoin market, with ambitious plans to substantially increase its reserves by 2026.