Metaplanet Increases Bitcoin Holdings by Investing $26 Million
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Metaplanet Increases Bitcoin Holdings by Investing $26 Million

The Tokyo firm has spent extensively on Bitcoin, raising its total holdings significantly.

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News Overview

Metaplanet has purchased an additional 269.43 Bitcoin for 4 billion yen (approximately $26.4 million), boosting its total holdings to 2,031.41 BTC. This acquisition is part of the company’s systematic Bitcoin purchase strategy initiated in April 2024, now totaling approximately 24.9 billion yen invested.

Key Points

  • The company has spent an average of 14.8 million yen per Bitcoin.
  • This investment reflects a strategic initiative aimed at increasing Bitcoin availability relative to its total shares, reportedly achieving a yield of 310% in the last quarter.
  • Metaplanet stands as Japan’s 16th-largest publicly traded Bitcoin holder, a position solidified by recent acquisitions and market strategies similar to those of MicroStrategy.

Tokyo (Shutterstock)

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