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Cryptocurrency News Articles
Metaplanet Inc. Expands Its Bitcoin Treasury by Purchasing 497 BTC
Mar 06, 2025 at 07:05 am
This purchase has occurred during market instability which supports the company's approach to buy more throughout recent price dips.
Metaplanet Inc., a publicly listed company in Japan, has purchased 497 Bitcoin (BTC) at an average price of $88,448, the company announced Monday.
The purchase, which occurred during a period of market instability, supports Metaplanet's approach to buying more Bitcoin throughout recent price dips.
The company now holds 2,888 BTC in its reserves, occupying a leading position among Japanese organizations that actively purchase Bitcoin by continuously adding it to their balance sheet.
The firm's investment portfolio contains $240.2 million worth of BTC as of March 5th.
At an average price point of $83,172 per BTC unit, the cryptocurrency acquisition strategy from the company demonstrates thorough purchase planning.
The company spent 6.616 billion yen ($43.9 million) to buy 497 BTC, and the acquisition supports Metaplanet's continuous work of growing its Bitcoin position in response to market changes.
Consequently, Bitcoin price experienced a brief drop to $83,000 on Monday before rebounding more than 4.52% since then.
Metaplanet benefits from price movements in its strategy to buy more while following the same accumulation model used by US-based MicroStrategy.
Metaplanet CEO Simon Gerovich has confirmed that the company outperformed its target Bitcoin yield goals for 2025.
The firm achieved a 45.1% yield during the current year which exceeds its 35% quarterly target.
The company achieved stock price growth of 16.89% in the latest trading session due to this successful performance.
Late last year, Metaplanet spent $60 million to purchase 619.7 Bitcoin units in an expansion of its holdings.
Metaplanet made its biggest Bitcoin acquisition since it started accumulating cryptocurrencies in May 2024.
Metaplanet expanded its BTC reserve quantity to 1,762 BTC by making this purchase, which solidified its hedge plan versus economic uncertainty in Japan.
Moreover, Metaplanet issued stock acquisition rights and corporate bonds in support of its acquisition plan.
These financial instruments help the company gain more funds to expand its digital asset holdings.
The company meets its BTC acquisition financing requirements by using standard financial tools to generate purchasing funds.
The adoption of this strategy allows Metaplanet to uphold its Bitcoin acquisition strategy while managing the price volatility risks that affect the market.
Metaplanet stock showed favorable results after their investment as shares increased 14% during the last trading period.
The stock reached its peak at 7,000 JPY in February 2025 before correcting, but it stabilized at 3,310 JPY.
The positive stock trend demonstrates improved investor confidence in the company following its strategic move.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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