Metaplanet (3350)A Tokyo-Listed Investment Company said it bought another 463 Bitcoin
emphasizes Cryptocurrency’s long -term shareholder value, even when its stock fell more than 7% to sit at half the value it had in June.
The latest purchase costs the company 7,995 billion yen ($ 540 million) At an average price of 17.3 million yen per Bitcoin and takes overall holdings to 17,595 BTC. In total, the metaplan has paid approx. 261.28 billion yen for its stash.
The purchase comes in the midst of a decline in the metaplan’s stock price, which slid to 987 yen Monday, almost 50% below its tops in June. With its value, which reflects both the changing price of bitcoin and the increase in its BTC holdings, the metaplanet places itself as Asia’s closest proxy to a Bitcoin stock-transmitted fund.
The company reported BTC yield, which measures Bitcoin accumulation per year. Share of 309.8% for the fourth quarter of 2024 and 129.4% for the second quarter. The yield has subsided to 52.6% per year. August 4th.
