On December 23, 2024, the Tokyo-based company Metaplanet acquired 619.7 $BTC for a total of 9.5 billion yen (equivalent to $60.6 million at the time of writing) as part of its ongoing treasury operations with bitcoins.
The average purchase price is approximately 15.3 million yen ($97,824 respectively) per asset.
In total, the company spent 20.9 billion yen ($133.2 million) to purchase the first cryptocurrency at an average cost of 11.9 million yen ($75,611) per 1 BTC.
At the time of preparation, the company's total reserves of nearly 1762 BTC are valued at $168 million. Compared to the previous period, their quantity on the company's balance sheet has increased by 54.3%.
Recall that on November 19, 2024, Metaplanet acquired 124.11 BTC.
According to information from the report, from July 1 to September 30, 2024, Metaplanet's return on bitcoin investments was 41.7%, and from October 1 to December 23, 2024, this figure reached 309.82%.
Against the backdrop of the company's purchase of the first cryptocurrency, Bloomberg updated its description of its strategy, identifying bitcoin as a key corporate asset#2024withBinance #2025Outlook #BinanceSeason
