MetaPlanet Inc Acquires 619.70 Bitcoin $BTC as Part of Treasury Strategy
MetaPlanet Inc, a Japan-based investment company, has announced the purchase of 619.70 Bitcoin (BTC) at an average price of US$97,911 (approximately Rp1.58 billion) per coin. This acquisition is part of its Bitcoin treasury operational strategy, with a total expenditure of Rp979 billion.
According to the company’s official report, this latest purchase brings its total Bitcoin holdings to 1,761 BTC, with an average purchase price of Rp1.2 billion per coin.
The move is aimed at enhancing shareholder value through a BTC Yield performance metric, which measures the growth in Bitcoin holdings relative to shares outstanding.
In the last quarter of 2024, MetaPlanet’s BTC Yield surged 309.82%, highlighting the effectiveness of its strategy in leveraging Bitcoin to boost performance and growth.
