Metaplanet (3350), the Japanese company that is committed to buying bitcoin
Increased its assets to 10,000 BTC, exceeding Crypto Exchange Coinbase (Coin) to now have the ninth hiding place among companies listed on the stock market.
The company based in Tokyo bought 1,112 BTC for $ 117.2 million at an average price of $ 105,435 per Bitcoin, CEO Simon Gerovich published on X. The purchase has lifted its assets above 9,267 Coinbase.
As of June 16, the Metaplanet Bitcoin cumulative investment amounts to around $ 947 million, with an average acquisition cost of $ 94,697 per BTC. It started on the way to the accumulation of Bitcoin in April 2024.
An outstanding metric in the performance of Metaplanet is its Bitcoin performance, a proprietary measure which follows the percentage of variation of the ratio of total BTC assets with actions entirely diluted in circulation. The company has recorded strong figures during recent quarters:
- Third 2024 (July to September): 41.7%
- Q4 2024 (October to December): 309.8%
- T1 2025 (January to March): 95.6%
- T2 2025 to date (April to June 16): 87.2%
To finance additional BTC purchases, Metaplanet issued $ 210 million in ordinary zero bonds percent. The market response to the company’s aggressive Bitcoin strategy was positive, the shares closing 26% on Monday, reaching 1,895 yen.
