Metaplanet announced the purchase of 150 BTC, increasing its reserves to 3,350 BTC. The company actively uses financial instruments to expand its Bitcoin assets.
Increase in Metaplanet's Bitcoin Reserves
According to the March 24 statement, Metaplanet acquired 150 BTC at an average price of ¥12.57 million (about $80,000) per BTC, totaling ¥1.886 billion ($12.1 million). This brings the company's total Bitcoin holdings to 3,350 BTC. The total expenditure for acquisition is ¥42.22 billion ($270 million), at an average price of ¥12.60 million ($80,200) per BTC.
Company’s Financial Strategy
Metaplanet uses stock purchase rights through EVO FUND and zero-coupon bonds to finance its acquisitions. In March, the company redeemed bonds worth ¥2 billion ($12.8 million) ahead of schedule and issued new bonds for the same amount. This strategy allows Metaplanet to continue buying Bitcoin without incurring debt with interest. A key metric the company uses to monitor its Bitcoin strategy is the BTC Yield, which calculates the percentage increase in BTC holdings relative to fully diluted shares.
New Advisory Board at Metaplanet
On March 21, Metaplanet announced the creation of a new advisory board, with Eric Trump as its first member. With his background in real estate and finance, Trump is expected to contribute to the company's mission of becoming a leading Bitcoin Treasury Company. Metaplanet’s CEO, Simon Gerovich, stated that the advisory board will include influential voices, speakers, and thought leaders committed to advancing Bitcoin adoption.
The expansion of Metaplanet's Bitcoin reserves and the creation of a new advisory board demonstrate the company's commitment to strengthening its position in the cryptocurrency market.
