Metaplanet Boosts BTC Reserves with $61M Purchase

Metaplanet (3350) stated it purchased one other 518 bitcoin

as a part of its Bitcoin Treasury Operations.

The buy was made at a median worth of $118,519 per bitcoin, bringing the whole buy worth to about $61 million, the Tokyo-based funding firm stated in a publish on X.

The firm, holder of the sixth-largest company stash of bitcoin, now holds some 18,113 BTC valued about $1.85 billion. It paid a median of $101,911 per bitcoin.

Metaplanet additionally offered an replace on its bitcoin-related efficiency metrics. Between July 1 and Aug. 12 the BTC Yield stood at 26.5%, reflecting the expansion in bitcoin holdings relative to totally diluted shares excellent.

Its earlier BTC Yield figures spotlight notable fluctuations. The determine was 41.7% in third-quarter 2024, rising to 309.8% by year-end. Then it dropped to 95.6% within the first quarter earlier than rebounding to 129.4% within the second.

The firm measures BTC Yield and BTC Gain to trace the accretive impression of its bitcoin acquisition technique for shareholders. The inventory fell 2.7% to 975 yen ($6.6) on Tuesday.

Read extra: Metaplanet Doubles Down on Bitcoin as Shares Slide, Buys Another $54M