4 hours ago
Metaplanet (3350) said it bought different 518 bitcoin (BTC) arsenic portion of its Bitcoin Treasury Operations.
The acquisition was made astatine an mean terms of $118,519 per bitcoin, bringing the full acquisition worth to astir $61 million, the Tokyo-based concern institution said successful a post connected X.
The company, holder of the sixth-largest firm stash of bitcoin, present holds immoderate 18,113 BTC valued astir $1.85 billion. It paid an mean of $101,911 per bitcoin.
Metaplanet besides provided an update connected its bitcoin-related show metrics. Between July 1 and Aug. 12 the BTC Yield stood astatine 26.5%, reflecting the maturation successful bitcoin holdings comparative to afloat diluted shares outstanding.
Its erstwhile BTC Yield figures item notable fluctuations. The fig was 41.7% successful third-quarter 2024, rising to 309.8% by year-end. Then it dropped to 95.6% successful the archetypal 4th earlier rebounding to 129.4% successful the second.
The institution measures BTC Yield and BTC Gain to way the accretive interaction of its bitcoin acquisition strategy for shareholders. The banal fell 2.7% to 975 yen ($6.6) connected Tuesday.
Read more: Metaplanet Doubles Down connected Bitcoin arsenic Shares Slide, Buys Another $54M
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