Metaplanet (3350), the Japanese firm that is dedicated to purchasing bitcoin
, boosted its holdings to 10,000 BTC, overtaking crypto alternate Coinbase (COIN) to now personal the ninth-largest stash amongst publicly traded firms.
The Tokyo primarily based firm purchased 1,112 BTC for $117.2 million at a mean value of $105,435 per bitcoin, CEO Simon Gerovich posted on X. The acquisition lifted its holdings above Coinbase’s 9,267, in accordance with knowledge on BitcoinTreasuries.com.
As of June 16, Metaplanet’s cumulative bitcoin funding stands at roughly $947 million, with a mean acquisition value of $94,697 per BTC. It began down the bitcoin accumulation path in April 2024.
A standout metric in Metaplanet’s efficiency is its bitcoin yield, a proprietary measure that tracks the proportion change within the ratio of complete BTC holdings to completely diluted shares excellent. The corporate has recorded robust figures in current quarters:
- Q3 2024 (July to September): 41.7%
- This fall 2024 (October to December): 309.8%
- Q1 2025 (January to March): 95.6%
- Q2 2025 so far (April to June 16): 87.2%
To fund further BTC purchases, Metaplanet issued $210 million in zero-percent atypical bonds. Market response to the corporate’s aggressive bitcoin technique has been optimistic, with shares closing 26% larger on Monday, reaching 1,895 yen.
