Metaplanet (3350), the Japanese company that is required to buy Bitcoin
increased his holdings to 10,000 BTC, where he overtook crypto exchange Coinbase (Coin) to now own the ninth largest stash among listed companies.
The Tokyo -based company bought 1,112 BTC for $ 117.2 million at an average price of $ 105,435 per year. Bitcoin, CEO Simon Gerovich, who was sent on X. The purchase lifted his inventory over Coinbase’s 9,267, according to data on Bitcointreasuries.com.
From June 16, the metaplan’s cumulative Bitcoin investment is approx. $ 947 million with an average acquisition cost of $ 94,697 per BTC. It started down the Bitcoin accumulation path in April 2024.
A prominent metric in the performance of the metaplan is its bitcoin yield, a proprietary measure that tracks the percentage change in the relationship between the total BTC holdings and fully diluted outstanding shares. The company has registered strong figures in recent quarters:
- Q3 2024 (July to September): 41.7%
- Q4 2024 (October to December): 309.8%
- Q1 2025 (January to March): 95.6%
- Q2 2025 to date (April to June 16): 87.2%
To finance further BTC purchases, the Metaplanet issued $ 210 million in regular bonds at zero percent. Market response to the company’s aggressive Bitcoin strategy has been positive, with shares that close 26% higher Monday and reached 1,895 yen.
