Metaplanet Increases BTC Holdings With $13.5M Purchase and Bond Issuance

Japanese resort firm Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at a median worth of $83,123 per bitcoin, attaining a year-to-date bitcoin yield of 53.2%.

The BTC yield represents the proportion change within the ratio of bitcoin holdings to totally diluted shares excellent over a given interval. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7 million, with a median acquisition worth of $83,180 per bitcoin.

Additionally, the corporate has issued 2 billion JPY ($13.5 million) in zero curiosity unusual bonds to fund additional bitcoin acquisitions. At the time of writing, Metaplanet shares had been buying and selling at 3,630 yen, down virtually 50% from it is all-time excessive in February.