Metaplanet (3350) said that he had bought 269.43 other Bitcoin (BTC), strengthening his position as a major holder of the cryptocurrency. The latest purchase, estimated at 4 billion yen ($ 26.4 million), bears the assets of the company based in Tokyo at 2,031.41 BTC.
The purchase is part of the Bitcoin Bitcoin cash operations in the company; He started buying the largest cryptocurrency in April 2024 and now made a global investment of 24.9 billion yen at an average price of 12.2 million yen, he said in a document published on its website.
This decision is aligned with Metaplanet’s commitment to increase its Bitcoin yield, a measure of the variation in the report of BTC assets to actions in circulation. The company obtained a return of almost 310% in the fourth quarter, and its return for the first quarter is currently 15.3%.
The purchase follows the funding exercise of 745 million dollars last month thanks to the issue of 21 million shares. The Bitcoin purchasing strategy reflects that of business pioneers such as microstrategy, and it becomes more popular in the financial sector of Japan. Last week, the energy company RemixPoint said that he had spent 9 billion yen by buying bitcoin last year.
Among the listed companies on the stock market, Metaplanet now has the 16th largest battery, according to the Bitcoin vouchers. Metaplanet shares increased 2.2% to 6,040 yen on Monday.
