🌎 Metaplanet Buys 68.59 Bitcoin for $6.6 Million

Metaplanet Boosts Bitcoin Holdings with $6.6 Million Purchase

Tokyo-based investment firm Metaplanet has expanded its Bitcoin holdings with a significant $6.6 million purchase. The firm announced the acquisition of 68.59 Bitcoin (BTC) for approximately 996 million Japanese yen, bringing its total Bitcoin holdings to 2,100 BTC.

Metaplanet’s Growing Bitcoin Presence

This latest purchase represents a significant milestone for Metaplanet, as its total Bitcoin holdings now account for roughly 0.01% of the total Bitcoin supply. The firm’s Bitcoin strategy, launched on April 8, 2024, aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Investment Strategy and Performance

Metaplanet also tracks BTC Yield, a metric that measures changes in Bitcoin holdings relative to its fully diluted shares. The firm reported a 41.7% BTC Yield for Q3 2024, which jumped to 309.8% in Q4 2024. This significant increase demonstrates the firm’s commitment to its Bitcoin investment strategy.

Tips for Investors: Understanding the “21 Million Plan”

Metaplanet’s “21 Million Plan” involves the issuance of 21 million shares of 0% discount stock acquisition rights to EVO FUND.
The plan aims to achieve a total of 21,000 BTC by the end of 2026.
With the latest purchase, Metaplanet has achieved approximately 2.38% completion of its “21 Million Plan”.

Following the news of the latest purchase, Metaplanet’s shares soared 1.79% on the over-the-counter market. This surge in share price demonstrates the market’s confidence in Metaplanet’s Bitcoin investment strategy.

Market Performance: Stock Split and Share Price

Earlier in February, Metaplanet shares fell over 8% after the Japanese company announced a 10-for-1 stock split aimed at improving liquidity. The move followed an August 2024 reverse split that consolidated 10 shares into one. Metaplanet noted that the stock’s rapid surge had made it expensive for investors to enter.