Metaplanet’s Total Bitcoin Holdings Exceed 1,000 BTC Following Latest Purchase

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As a seasoned crypto investor with over a decade of experience in the digital asset market, this latest move by Metaplanet resonates deeply with me. Having witnessed the meteoric rise of Bitcoin and its transformative potential, I can’t help but feel a sense of validation seeing major players like Metaplanet making strategic moves to increase their BTC holdings.

Metaplanet, an investment company based in Japan, has recently acquired more than 1,000 Bitcoins (BTC), making it one of the biggest Asian corporations to possess this digital asset.

Metaplanet’s Bitcoin Holdings Top 1,000 BTC

On October 28th, Metaplanet, a company listed in Tokyo, declared that they had bought an extra 156.78 Bitcoins. The cost for these Bitcoins was approximately $66,436 each. With this latest acquisition, Metaplanet now owns a total of 1,018 Bitcoins, which were obtained at an average price of around $61,629 per Bitcoin.

In light of this significant step, Metaplanet’s CEO, Simon Gerovich, pointed out that their recent Bitcoin acquisition positions Metaplanet among the top Asian corporations with substantial Bitcoin holdings. Additionally, the company emphasized this point.

As a researcher examining our financial strategies, I can share that we’ve chosen to incorporate Bitcoin into our treasury reserves. We’ve boosted our overall Bitcoin holdings not just by mining or direct purchase, but also via strategic acquisitions financed through capital market operations and our operational earnings.

In the month of May, 2024, Metaplanet announced their decision to incorporate Bitcoin as a primary reserve asset. Adopting a “Bitcoin-exclusive” strategy, they augmented their Bitcoin holdings by investing $2 million in September.

Last summer, Metaplanet rapidly increased its ownership of Bitcoins. During just one month, from September 30 to October 28, it acquired over half (50%) or approximately 620 Bitcoins of its current collection.

Significantly, the acquisition has propelled Metaplanet above Meitu Inc., another notable Asian company, in terms of Bitcoin reserves. As per CoinGecko data, Meitu Inc. currently manages 940 Bitcoins, while Metaplanet boasts a larger reserve with 1,018 Bitcoins.

In terms of publicly listed companies that hold substantial Bitcoin reserves, Metaplanet has moved up to the 15th position. Notably, the top spot is held by a U.S.-based company specializing in business intelligence, MicroStrategy, which owns approximately 252,220 Bitcoins, accounting for nearly 1.2% of the total Bitcoin supply.

BTC Strategy Reflecting In Metaplanet’s Share Price

Based on information from Arkham Intelligence, it seems that Metaplanet’s approach to investing in Bitcoin is proving to be successful. With the current Bitcoin price hovering around $67,000, Metaplanet stands to realize a profit of more than $6 million without yet having sold any of their holdings.

As a researcher delving into the intricacies of Metaplanet’s operations, I’ve noticed they emphasize a significant metric known as “BTC yield.” This key performance indicator (KPI) calculates the percentage fluctuation in the proportion of total Bitcoin holdings to the fully diluted shares outstanding over a defined timeframe.

Fundamentally, a Key Performance Indicator (KPI) allows investors to evaluate how Metaplanet’s purchases of Bitcoin influence the worth of shareholders. Over the period from October 1st to October 28th, Metaplanet’s Bitcoin returns experienced a significant increase of approximately 155.8%.

After today’s Bitcoin buying announcement, Metaplanet’s share price surged over 7% based on figures from Yahoo! Finance, as per the latest reports.

In other developments, Samara Group, a Maltese investment company, has revealed its intention to sell bonds totaling more than $32 million. A part of these funds might be used for acquiring Bitcoin as a strategic reserve asset.

Currently, Bitcoin is being traded for approximately $68,780 per unit, marking a 1.6% increase over the previous day. Its overall market capitalization now exceeds $1.35 trillion.

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2024-10-29 09:40