Metaplanet embodied by Tokyo Inc (3350) has acquired 775 additional bitcoin
For 13.73 billion yen (about $ 94 million)According to his most recent file.
The purchase, made at an average price of 17.72 million yen ($ 120,500) By Bitcoin, raises the total assets of the company at 18,888 BTC, worth around 284.1 billion yen ($ 1.95 billion). This purchase maintains them as the seventh largest Bitcoin cash flow company.
In all purchases, Metaplanet’s average acquisition cost now amounts to 15.04 million yen per BTC ($ 102,100).
The company declared a Bitcoin yield of 29.3% for the last period, against 129.4% in the second quarter. Its multiple to net asset value remains close to 2, the lowest since it started its accumulation of BTC.
The company has $ 117 million in debt in progress, the Metaplanet lever effect is minimal compared to its Bitcoin reserves. “Metaplanet now holds $ 2.18 billion in BTC against only $ 120 million in ordinary bonds in circulation,” said Dylan Leclair, Director of Bitcoin Strategy.
“Our ordinary obligations in the 19th series are 18.67x over-collateralized by our BTC position and currently represent the sole responsibility within our capital structure.”
Metaplanet’s shares increased by 4% to close to 900 yen on Monday, even though Bitcoin slipped to $ 115,500, reflecting investors’ confidence in the business report strategy.
