Key Points:
- Metaplanet has purchased 136 Bitcoin, raising its total holdings to over 20,000 BTC, valued at approximately $2.06 billion.
- The firm’s BTC yield metric, showcasing the growth of Bitcoin held per fully diluted share, surged 129.4% in Q2 and 30.8% in Q3 so far.
- With this acquisition, Metaplanet becomes the sixth-largest publicly traded Bitcoin treasury firm. Collectively, these companies oversee more than 1 million BTC, with MicroStrategy leading at 638,460 coins.
Tokyo-listed Metaplanet (MTPLF) has recently increased its treasury with an additional 136 Bitcoin, following a previous announcement that its holdings had surpassed 20,000 coins. This latest purchase was made at an average price just beneath $112,000 per Bitcoin, totaling an expenditure of over $2 billion on BTC.
Metaplanet’s performance is tracked by a unique BTC yield metric, focusing on the growth of Bitcoin held per fully diluted share, contrasting with traditional asset yield measures. From April to June, the firm registered a hefty BTC yield of 129.4%. Currently, for the third quarter, the yield stands at 30.8%.
The firm’s treasure now consists of 20,136 BTC, securing its place as the sixth-largest publicly traded Bitcoin treasury company. The combined holdings of these firms exceed 1 million BTC, predominantly led by MicroStrategy’s substantial treasure.
However, shares have seen a decline of over 30% in the last month, attributed to a slight drop in Bitcoin’s price alongside a decrease in market NAV (mNAV), reflecting the company’s market cap in comparison to its Bitcoin holdings.
