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Metaplanet (3350) mentioned it purchased an extra 269.43 bitcoin (BTC), strengthening its place as a significant company holder of the cryptocurrency. The most recent acquire, valued at 4 billion yen ($26.4 million), takes the Tokyo-based corporate’s holdings to two,031.41 BTC.
The acquisition is a part of the corporate’s ongoing Bitcoin Treasury Operations; it began purchasing the biggest cryptocurrency in April 2024 and has now made an combination funding of 24.9 billion yen at a mean worth of 12.2 million yen, it mentioned in a report posted on its web page.
The transfer aligns with Metaplanet’s dedication to expanding its bitcoin yield, a measure of the trade within the ratio of BTC holdings to stocks exceptional. The corporate completed a yield of just about 310% within the fourth quarter, and its yield for the primary quarter is recently 15.3%.
The acquisition follows ultimate month’s $745 million fund-raising workout throughout the issuance of 21 million stocks. The bitcoin-buying technique mirrors that of company pioneers like MicroStrategy, and it gaining popularity in Japan’s monetary sector. Ultimate week, power company Remixpoint mentioned it spent 9 billion yen purchasing bitcoin ultimate 12 months.
Amongst publicly traded corporations, Metaplanet now has the Sixteenth-largest stack, in line with Bitcoin Treasuries. Metaplanet stocks rose 2.2% to six,040 yen on Monday.
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