Metaplanet (3350) said it bought another 518 Bitcoin
As part of its Bitcoin Treasury operations.
The purchase was made at an average price of $ 118,519 per Bitcoin, which brought the total purchase value to about $ 61 million, the Tokyo-based investment company said in a post of X.
The company, proprietor of the sixth largest company stash of Bitcoin, now has approx. 18.113 BTC worth approx. $ 1.85 billion. It paid on average $ 101,911 per Bitcoin.
The metaplan also provided an update on its Bitcoin-related performance metrics. Between July 1 and August 12, the BTC yield stood at 26.5%, reflecting the growth of Bitcoin Holdings compared to fully diluted outstanding shares.
Its previous BTC outcome figures highlight remarkable fluctuations. The figure was 41.7% in the third quarter of 2024 and rose to 309.8% at the end of the year. Then it dropped to 95.6% in the first quarter before it rebounded to 129.4% in the second.
The company measures BTC yield and BTC gain to track the accordious effect of its Bitcoin acquisition strategy for shareholders. The stock dropped 2.7% to 975 yen ($ 6.6) On Tuesday.
Read more: Metaplanet doubles on Bitcoin when stocks slip, buy an additional $ 54 million.
