Metaplanet Strengthens Bitcoin Holdings with Record $60M Investment

Japanese investment firm Metaplanet has ramped up its Bitcoin strategy with a record-breaking purchase of nearly 620 BTC.

This recent acquisition, valued at close to $60 million, boosts the company’s total Bitcoin reserves to 1,762 BTC, positioning it as a significant player in the corporate crypto landscape.

Metaplanet has steadily expanded its Bitcoin holdings since May, and this latest buy surpasses its previous October acquisition of 159.7 BTC by a considerable margin. With an average purchase price of $75,600 per coin, the firm’s total holdings are now worth approximately $168 million, making it one of the top Bitcoin-owning public companies globally.

The company’s strategy appears to be paying off, as the company reported a 310% BTC yield between October and December, a sharp rise from the 41.7% yield recorded in the prior quarter. These gains reflect the firm’s focused approach to leveraging Bitcoin as a key asset in its portfolio, which it views as a cornerstone for shareholder value.

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Metaplanet’s Bitcoin-focused strategy has driven a 2,100% surge in its stock value this year, hitting record highs despite recent fluctuations.

Kosta Gushterov