The post Metaplanet Buys $13.4 Million in Bitcoin, Boosts Holdings to 2,391 BTC appeared first on Coinpedia Fintech News
Metaplanet has bought another 156 Bitcoin worth $13.4 million, totaling to 2,391 BTC on their balance sheet. It announced the acquisition of additional Bitcoin as part of its ongoing Bitcoin Treasury Operations.
The latest purchase included 156 Bitcoin at an average price of 12,952,147 yen per Bitcoin, totaling 2.021 billion yen. This brings the company’s total Bitcoin holdings to 2,391 Bitcoin, representing a total investment of 29.828 billion yen. This acquisition highlights Metaplanet’s continued commitment to increasing its Bitcoin reserves.
The company revealed that in Q4 2024, the Company’s BTC Yield was 309.8%. Quarter to Date, from January 1, 2025 to March 3, 2025, the Company achieved a BTC Yield of 31.8%.
Metaplanet Raises Funds for Bitcoin Strategy with Stock and Bond Issuances
On January 28, 2025, Metaplanet’s Board approved issuing the 13th to 17th Series of Stock Acquisition Rights to EVO FUND. This involves five batches of 4.2 million shares each, totaling 21 million shares. The price for each batch will be set at the previous day’s closing price, with adjustments based on market conditions.
On February 10, 2025, the Board also approved issuing the 6th Series of Zero-Coupon Bonds to EVO FUND, raising 4 billion yen. These bonds will mature on August 12, 2025, and will be paid off using proceeds from the Stock Acquisition Rights. The money raised will be used to buy more Bitcoin, as planned.