Metaplanet continues to solidify its position in the cryptocurrency market, increasing its Bitcoin holdings to over 3,000 BTC with its latest acquisition.
Metaplanet's Latest Bitcoin Purchase
Metaplanet announced the acquisition of an additional 162 BTC at an average price of 12.39 million yen per Bitcoin. With this purchase, the company's total Bitcoin holdings have risen to 3,050 BTC, establishing it as a major institutional holder in the cryptocurrency market.
Enhancing Strategies and Company Position
Since Metaplanet began Bitcoin purchases in April 2024, its stock price has surged by over 3,000%, earning the title of Japan's best-performing stock. On March 12, the company's shares rose by 8.6%, adding 290 points to 3,630 yen. The firm's market capitalization now stands at approximately 141.8 billion yen. Metaplanet also approved zero-interest bonds valued at 2 billion yen, to be matured in September 2025, to further enhance its Bitcoin strategy.
Market Impact and New Metrics
Bitcoin has shown signs of recovery, rising by over 1.8% in the past 24 hours. Furthermore, Metaplanet introduced two new performance metrics, 'BTC Gain' and 'BTC ¥ Gain', to complement the existing 'BTC Yield' metric. These changes aim to increase transparency in Bitcoin operations and provide shareholders with clearer insights into capital allocation strategies.
Metaplanet's strategy aims at solidifying its market position in the cryptocurrency sector and providing a clearer financial outlook through new performance indicators and active portfolio management.
