Metaplanet Acquires Additional Bitcoin, Expands Treasury Significantly
- Metaplanet acquired an additional Bitcoin for over $632 million, increasing its total holdings to 25,555 BTC.
- The company purchased these BTC at an average price of $116,724 each, totaling approximately $2.71 billion spent on Bitcoin acquisitions.
- Metaplanet’s year-to-date BTC yield reached an impressive 395.1% as of September.
- Despite the expansion of its Bitcoin treasury, Metaplanet’s stock fell nearly 0.50% to close at 605 JPY.
- The company’s stock has seen a decline of over 27% in the past month due to increased short selling by institutional investors.
With this latest acquisition, Metaplanet solidifies its position as the fifth-largest corporate holder of Bitcoin, surpassing Bullish crypto exchange in total holdings. The company’s strategic focus on expanding its treasury comes amid fluctuating market conditions and investor sentiment.
Metaplanet now holds a total of approximately $3 billion in Bitcoin assets after recent purchases, highlighting significant unrealized profits amid current market volatility.(Source)
