Metaplanet, an investment firm listed in Tokyo, has made a significant move in the cryptocurrency market by acquiring 269 Bitcoin valued at ¥4 billion. This acquisition has increased its total holdings to approximately 2,031 BTC, reflecting a strong commitment to a Bitcoin-focused investment strategy.

As a result of this strategic acquisition, the company’s stock has seen a remarkable 73% increase year-to-date, showcasing robust investor confidence. With an average purchase price of about ¥80,700 per Bitcoin, Metaplanet’s overall investment has appreciated by around 16%. The firm now ranks as the 14th largest public company worldwide in terms of Bitcoin holdings, following China’s Boyaa Interactive in Asia.

Recent performance metrics indicate that Metaplanet’s BTC Yield, a crucial indicator of its acquisition strategy, reached 41% from July to September 2024 and surged to 309% in the fourth quarter of 2024. To support its ambitious acquisition strategy, which targets 21,000 BTC by 2026, Metaplanet has raised ¥4 billion through a zero-coupon bond issuance to EVO FUND and approved the issuance of 21 million shares to the same entity via Stock Acquisition Rights. This latest purchase highlights the firm’s dedication to expanding its cryptocurrency portfolio amid increasing interest in digital assets.

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