Metaplanet becomes 4th-largest corporate Bitcoin holder after $600M buy
Metaplanet’s Bitcoin Yield surged to 309.8% in late 2024, showing its per-share BTC exposure more than tripled before stabilizing at 33% this year.
Japanese investment company Metaplanet has acquired an additional 5,268 Bitcoin, worth roughly $600 million at current market prices.
Metaplanet announced on Wednesday that its latest purchase has brought its total Bitcoin (BTC) holdings to 30,823 BTC. The move catapulted the Tokyo-listed company to the fourth spot among corporate Bitcoin holders, overtaking the Bitcoin Standard Treasury Company, according to BitcoinTreasuries.NET data.
The latest purchase was made at an average price of 17.39 million Japanese yen (about $116,000), with an aggregate total of $600 million. With the latest purchase, its total holdings ballooned to $3.6 billion, acquired at an average price of around $108,000 per coin.
