1 day ago
Tokyo-listed Metaplanet Inc (3350) has acquired an further 775 bitcoin (BTC) for 13.73 cardinal yen (about $94 million), according to its astir caller filing.
The purchase, made astatine an mean terms of 17.72 cardinal yen ($120,500) per bitcoin, lifts the company’s full holdings to 18,888 BTC, worthy astir 284.1 cardinal yen ($1.95 billion). This acquisition keeps them arsenic the seventh largest bitcoin treasury company.
Across each purchases, Metaplanet’s mean acquisition outgo present stands astatine 15.04 cardinal yen per BTC ($102,100).
The institution reported a Bitcoin Yield of 29.3% for the latest period, down from 129.4% successful Q2. Its aggregate to nett plus worth remains adjacent 2, the lowest since it began its BTC accumulation.
The institution carries $117 cardinal successful outstanding debt, Metaplanet’s leverage is minimal compared to its bitcoin reserves. “Metaplanet present clasp $2.18 cardinal successful BTC against conscionable $120 cardinal of outstanding 0% mean bonds,” said Dylan LeClair, manager of bitcoin strategy.
“Our 19th Series Ordinary Bonds are 18.67x over-collateralized by our BTC position, and presently correspond the sole liability wrong our superior structure.”
Shares of Metaplanet roseate 4% to adjacent astatine 900 yen connected Monday, adjacent arsenic bitcoin slipped to $115,500, reflecting capitalist assurance successful the firm’s equilibrium expanse strategy.
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