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

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.