Metaplanet Acquires 156 BTC for $13.4 Million, Achieving 31.8% Yield
Metaplanet (3350) acquired 156 BTC for $13.4 million at an average price of $85,590 per bitcoin. The company's BTC yield is 31.8% year-to-date. As of March 3, Metaplanet holds 2,391 BTC valued at $196.3 million, averaging $82,100 per bitcoin.
Simon Gerovich, CEO of Metaplanet, announced the company received invitations from the New York Stock Exchange and Nasdaq to present their platforms. He stated their aim is to enhance accessibility of Metaplanet shares for global investors.
Key financial highlights include:
- Gain of approximately $21.3 million on Bitcoin strategy
- Shares increased by 20%, currently priced at 4,010 yen
Metaplanet is the second publicly traded company to announce a Bitcoin purchase after Bitdeer Technologies.