MetaPlanet Again Acquires 619 Bitcoins Worth IDR 979 Billion
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MetaPlanet Inc, a Japan-based investment company, announced the purchase of 619.70 Bitcoins (BTC) at an average price of US$97,911 or equivalent to IDR 1.58 billion per piece. This step is part of the Bitcoin treasury operational strategy, with a total expenditure of IDR 979 billion.
In the company's official report, after this transaction, the company's total ownership reached 1,761 Bitcoins with an average purchase price of IDR 1.2 billion. This strategy aims to increase value for shareholders through a performance metric called BTC Yield.
Metaplanet's BTC Yield showed a significant increase, reaching 309.82% in the last quarter of 2024. This reflects the efficiency of the company's strategy in increasing the ratio of Bitcoin ownership to the number of shares outstanding.