Tokyo-listed Metaplanet has purchased an additional 9.5 billion yen ($60.6 million) worth of Bitcoin, increasing its holdings to 1,761.98 BTC.
Metaplanet, a listed Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen.
According to the company’s latest financial release, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company spent a total of 20.872 billion yen on Bitcoin acquisitions, the document said.
The latest purchase is the largest to date for the Tokyo-based company and comes just days after Metaplanet issued its 5th series of common bonds via private placement with EVO FUND, raising 5 billion yen (approximately $32 million). .
The proceeds from this issue, as previously announced, were used specifically for the purchase of Bitcoin. These bonds, which have a term until June 2025, are interest-free and allow for early repayment under certain conditions.
Metaplanet buys Dip
The company also shared updates on its BTC return, a metric used to measure the growth of Bitcoin holdings compared to fully diluted stocks. From October 1 to December 23, Metaplanet’s BTC return increased to 309.82%, compared to 41.7% in the previous quarter.
Bitcoin itself has had a strong performance this year, rising 120% and outperforming assets such as the Nasdaq 100 and S&P 500 indices. However, it has recently retreated from its all-time high of $108,427 and is trading at $97,000 after the Federal Reserve…
