Tokyo-based Metaplanet Inc. has significantly increased its Bitcoin holdings with a purchase valued at 9.5 billion yen.
This acquisition, the largest single Bitcoin purchase in the company’s history, involved 619.70 BTC bought at an average price of 15,330,073 yen per Bitcoin. The announcement was made on December 23, 2024, highlighting the company’s growing focus on Bitcoin Treasury Operations.
Metaplanet boosts Bitcoin portfolio to 1,761.98 BTC
With this latest transaction, Metaplanet now holds a total of 1,761.98 Bitcoins. The company’s average acquisition cost for its entire Bitcoin holdings is 11,846,002 yen per Bitcoin, net of fees and expenses. This expansion has earned the company the nickname “Asia’s MicroStrategy,” as it follows a similar strategy of aggressively increasing Bitcoin reserves.
The additional purchases were funded through capital market activities and the firm’s operating income. Metaplanet has secured the twelfth position among public companies with significant Bitcoin reserves, trailing behind medical technology company Semler Scientific.
Strong BTC yield growth and profit projections
Metaplanet disclosed that its BTC Yield for the period between October 1 and December 23 surged to 310%, showing a marked improvement compared to the 41.7% yield recorded from July to September. This growth reflects the success of its Bitcoin acquisition strategy, which the company continues to evaluate based on yield performance.
In a separate announcement on December 18, Metaplanet projected its first operating profit since 2017. The company also revealed plans to diversify its Bitcoin-focused strategy by introducing new financial instruments like loans and equity convertible bonds to support further accumulation and management of its Bitcoin holdings.
Expansion through capital markets and stock programs
In November, Metaplanet set an ambitious goal of raising $62 million, or 9.5 billion yen, through a stock acquisition program. The funds were allocated to increase its Bitcoin reserves as part of its treasury strategy. This announcement caused a 5% uptick in the company’s stock price, although shares remain down by about 13% over the past week.
Metaplanet’s decision to formalize “Bitcoin accumulation and management” as a new business category further underscores its commitment to long-term growth through cryptocurrency. The company plans to integrate its Bitcoin operations into its overall business framework, reinforcing its position as a key player in the corporate Bitcoin investment space.
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