Metaplanet (3350) Hits 20K BTC, Overtakes Riot Platforms to Turn out to be Sixth-Largest Company Holder
Metaplanet Inc. (3350) purchased one other 1,009 bitcoin , bringing its whole treasury to twenty,000 BTC and overtaking Riot Platforms (RIOT) to grow to be the company with the sixth-largest treasury holdings of the biggest cryptocurrency.
The acquisition, valued at roughly 16.5 billion yen ($112 million), demonstrates the Tokyo-based firm’s dedication to positioning bitcoin as a core reserve asset. Its whole bitcoin purchases now quantity to 302.3 billion yen at a mean value of 15.1 million yen per BTC, in line with a submitting launched Monday.
The tempo of the agency’s bitcoin accumulation has made it Asia’s most distinguished publicly traded adopter of the cryptocurrency. From July 1 to Sept. 1, the corporate achieved a BTC yield of 30.7%, whereas its a number of to web asset worth (mNAV) sits just under 2.
Shares of Metaplanet fell 5.5% to 831 yen.
