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Metaplanet Expands Bitcoin Portfolio with Acquisition of 797 BTC

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by Giorgi Kostiuk

5 hours ago

Metaplanet Inc. continues its strong accumulation of Bitcoin, adding 797 BTC to its portfolio for approximately $86 million. This reinforces their Bitcoin Treasury Operations strategy.

Increase in Bitcoin Holdings

The recent purchase has raised the company's total Bitcoin holdings to 16,352 BTC. The deal was made at an average price of ¥17.3 million per BTC, bringing the total investment in Bitcoin to ¥239.6 billion.

Financing the Purchase

According to the company's announcement, the funding for the Bitcoin acquisition is derived from a combination of capital market activities and operating revenue. Recently, Metaplanet redeemed ¥6 billion from its 19th Series Bonds.

Market Interest in Strategy

Metaplanet's strategy has garnered significant attention on the Tokyo Stock Exchange, where trading volume in June reached ¥1.86 trillion, nearly double the volume recorded in May.

While the performance indicators provided by Metaplanet do not reflect traditional profitability, they underscore the company's belief that long-term Bitcoin accumulation can enhance per-share value.

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