Metaplanet boosts Bitcoin reserves with $61M purchase
What to know
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Metaplanet's latest purchase adds 518 BTC at an average price of $118,519, increasing total holdings to 18,113 BTC.
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Third-quarter BTC Yield reached 26.5%.
Metaplanet (3350) said it bought another 518 bitcoin as part of its Bitcoin Treasury Operations.
The purchase was made at an average price of $118,519 per bitcoin, bringing the total purchase value to about $61 million, the Tokyo-based investment company said in a post on X.
The company, holder of the sixth-largest corporate stash of bitcoin, now holds some 18,113 BTC valued about $1.85 billion. It paid an average of $101,911 per bitcoin.
Metaplanet also provided an update on its bitcoin-related performance metrics. Between July 1 and Aug. 12 the BTC Yield stood at 26.5%, reflecting the growth in bitcoin holdings relative to fully diluted shares outstanding.
Its previous BTC Yield figures highlight notable fluctuations. The figure was 41.7% in third-quarter 2024, rising to 309.8% by year-end. Then it dropped to 95.6% in the first quarter before rebounding to 129.4% in the second.
The company measures BTC Yield and BTC Gain to track the accretive impact of its bitcoin acquisition strategy for shareholders. The stock fell 2.7% to 975 yen ($6.6) on Tuesday.
Author
CoinDesk Analysis Team
CoinDesk
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