Metaplanet Expands Bitcoin Holdings
Metaplanet (3350) has made a significant move in the cryptocurrency market by acquiring 156 BTC for an impressive $13.4 million, translating to an average price of $85,590 per bitcoin. This strategic investment has enabled Metaplanet to achieve a remarkable BTC yield of 31.8% year-to-date. As of March 3, the company holds a total of 2,391 BTC, valued at approximately $196.3 million, with an average purchase price of $82,100 per bitcoin.
In a recent statement, Simon Gerovich, the CEO of Metaplanet, revealed that the company has received formal invitations from both the New York Stock Exchange (NYSE) and Nasdaq to present their platforms and operational features. Gerovich emphasized, “We are exploring the most effective ways to make Metaplanet shares more accessible to investors globally.” This indicates the company’s commitment to expanding its reach and improving investor engagement.
Metaplanet’s strategic approach to Bitcoin investment has yielded an impressive gain of approximately $21.3 million from its bitcoin strategy. Additionally, the company has seen its shares rise by 20% in Monday’s trading session, with shares currently valued at 4,010 yen. This upward trend reinforces Metaplanet’s position as a leading player in the cryptocurrency sector.
Notably, Metaplanet has become the second publicly traded company to announce a purchase during the recent bitcoin dip, following Bitdeer Technologies, which also reported additional acquisitions. This trend highlights the growing confidence among publicly traded companies in the long-term potential of Bitcoin as a valuable asset.
