Tokyo-listed company Metaplanet (MTPLF) has added additional 136 Bitcoin to his treasury, after earlier this month, which took its holdings to over 20,000 coins.
The acquisition was made at an average purchase price of just under $ 112,000 per year. Bitcoin and lifts the overall company used by the company on BTC for more than $ 2 billion.
The metaplanet tracks the performance of its investment through a BTC yield metric, which measures the growth of Bitcoin, which is kept per day. Diluted proportion rather than traditional yield earned on assets.
From April to June, the Metaplanet published a BTC yield of 129.4%. For the third quarter to date the number is 30.8%
The company’s 20,136 BTC Stash makes it the sixth largest listed Bitcoin Treasury Company. In total, these companies possess over 1 million BTC, where the Lion’s share comes from the strategy’s 638,460 Bitcoin Treasury.
Shares are down more than 30% over the past month, hit by a modest fall in the price of Bitcoin along with a shrinking MNAV – the prize for the company’s market capital against its Bitcoin stocks.
