Metaplanet Acquires 518 Bitcoin for $61 Million Investment
Metaplanet (3350) acquired 518 bitcoin (BTC) for approximately $61 million, averaging $118,519 per bitcoin. This purchase increases its total holdings to about 18,113 BTC, valued at $1.85 billion, with an average acquisition cost of $101,911 per bitcoin.
- The company's BTC Yield is currently 26.5%, reflecting growth in bitcoin holdings relative to shares outstanding.
- Historical BTC Yield figures showed fluctuations: 41.7% in Q3 2024, 309.8% by year-end, 95.6% in Q1, and 129.4% in Q2.
- Metaplanet tracks BTC Yield and BTC Gain to assess the impact of its bitcoin acquisition strategy.
The stock price decreased by 2.7% to 975 yen ($6.6) on Tuesday.