Metaplanet Becomes Fourth Largest Bitcoin Holder with New Acquisition
- Metaplanet acquired an additional 5,268 BTC at an average price of $116,870 per coin, totaling approximately $615 million.
- The company’s total Bitcoin holdings now stand at 30,823 BTC, valued at around $3.33 billion.
- Metaplanet’s year-to-date BTC yield has reached an impressive 497.1%.
- The firm surpassed Bitcoin Standard Treasury Company in corporate rankings, becoming the fourth-largest holder globally.
- In Q3, Metaplanet’s Bitcoin Income Generation division reported revenue of $16.75 million, a quarterly increase of 115.7%.
This acquisition aligns with Metaplanet’s strategy to capture a significant share of the global Bitcoin market by expanding operations and utilizing preferred share financing without impacting common shareholders.
With its recent purchase boosting holdings to over $3 billion, Metaplanet is solidifying its position as a major player in the cryptocurrency space.(Source)
