Japanese company Metaplanet, listed on the Tokyo Stock Exchange, announced on Monday that it has further increased its holdings by 619.7 BTC, spending a total of 9.5 billion yen (approximately $60.68 million), with an average purchase price of 15,330,073 yen.
Before this purchase, Metaplanet announced last Friday that it would issue 5 billion yen in ordinary bonds to accelerate Bitcoin purchases.
According to the announcement, Metaplanet's total Bitcoin holdings have reached 1,761.98 BTC (approximately $168 million), with a total cost of 20.872 billion yen, and an average purchase price of 11,846,002 yen. From October 1 to December 23, 2024, Metaplanet's Bitcoin yield was 309.82%.
Metaplanet made a strategic shift in its financial management strategy in April this year, adopting Bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting fluctuations in the yen. On December 18, the company announced that it expects to achieve its first consolidated operating profit since 2017 and stated that it hopes to not only view Bitcoin purchases as part of its financial strategy.
While Metaplanet announced its latest buyback announcement, the price of Bitcoin rebounded to over $95,000, with a trading price of $95,900 before the deadline.
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