Metaplanet (3350) said it bought another 269.43 Bitcoin (BTC), which strengthens its position as an important business owner of cryptocurrency. The latest purchase appreciated at 4 billion yen ($ 26.4 million) takes the Tokyo-based company’s holdings to 2,031.41 BTC.
The purchase is part of the company’s ongoing Bitcoin Treasury operations; It started to buy the largest cryptocurrency in April 2024 and has now made a total investment of 24.9 billion yen at an average price of 12.2 million yen, it said in a document published on its site.
The move is in line with the Metaplan’s obligation to increase its Bitcoin yield, a measure of the change in the relationship between BTC Holdings and outstanding shares. The company achieved a dividend of almost 310% in the fourth quarter, and its dividend for the first quarter is currently 15.3%.
The purchase follows last month’s money collection exercise of $ 745 million through the issue of 21 million shares. The Bitcoin purchase strategy reflects it from corporate pioneers such as microstratey, and it becomes more popular in Japan’s financial sector. Last week, energy company Remixpoint said it spent 9 billion yen to buy Bitcoin last year.
Among listed companies, the Metaplanet now has the 16th largest stack, according to Bitcoin Treasuries. Metaplanet shares rose 2.2% to 6,040 yen Monday.
