- Metaplanet has purchased an additional 156 BTC for $13.4 million at $85,590 per Bitcoin, bringing their total holdings to 2,391 BTC worth $196.3 million.
- The Japanese company has achieved a 31.8% BTC yield year-to-date and is currently up approximately $21.3 million on its bitcoin investment strategy.
- Metaplanet is exploring listing options after receiving formal invitations from both NYSE and Nasdaq, as the company seeks to make its shares more accessible to global investors.
Japanese investment firm Metaplanet has acquired 156 Bitcoin for $13.4 million, taking advantage of recent market conditions at an average price of $85,590 per Bitcoin. The purchase brings the company’s total Bitcoin holdings to 2,391 BTC, valued at approximately $196.3 million, with an average acquisition price of $82,100 per Bitcoin.
The strategic investment has yielded substantial returns for the company, with Metaplanet reporting a 31.8% Bitcoin yield year-to-date. The firm is currently sitting on approximately $21.3 million in unrealized profits from its Bitcoin investment strategy.
Simon Gerovich, CEO of Metaplanet, revealed that the company has received formal invitations from major American exchanges to discuss potential listing opportunities. “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich stated in a post on X (formerly Twitter).
The Bitcoin acquisition appears to have positively impacted Metaplanet’s market performance, with the company’s shares rising 20% in Monday’s trading session to reach 4,010 yen.
Metaplanet has joined a growing list of publicly traded companies accumulating Bitcoin during recent price fluctuations. The company became the second publicly traded entity to announce Bitcoin purchases during the recent market dip, following a similar announcement from Bitdeer Technologies.
The strategic Bitcoin accumulation by public companies continues a trend that has gained momentum as institutional investors increasingly view Bitcoin as a treasury reserve asset and inflation hedge. Metaplanet’s aggressive acquisition strategy positions the company as a significant corporate Bitcoin holder as it explores potential U.S. exchange listings.
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