Japan-based Metaplanet recently hit a major benchmark by pushing its Bitcoin holdings above 1,000 BTC.
On October 28, the company declared that it acquired 156.78 BTC with an investment of $10.4 million, increasing its total Bitcoin supply to 1,018.17 BTC – currently valued at around $68.8 million. This acquisition brought the average purchase price of Metaplanet to approximately 9,450,746 yen or $61,629 per Bitcoin.
The company’s Bitcoin accumulation is consistent with its May decision to make Bitcoin a strategic reserve. Since then, Metaplanet has rapidly expanded its Bitcoin assets, with the largest acquisition period recorded from September 30 to October 28. During this period, Metaplanet purchased 619,338 BTC, securing its position as a major Bitcoin holder.
Facts from blockchain analytics firm Arkham Intelligence reports that Metaplanet’s Bitcoin investment is seeing strong results, with an unrealized gain of more than $6 million amid the top crypto’s recent price surge.
According to Crypto Slates According to data, Bitcoin has risen in value by about 2% over the past day, trading at $68,377.
Bitcoin yield
Metaplanet revealed that BTC returns increased to 155.8% between October 1 and 28.
Last week, the Bitcoin investment firm revealed that it was adopting “BTC Yield” as a key performance indicator to evaluate the growth of its BTC holdings, mirroring a similar approach from MicroStrategy.
This metric tracks the percentage change in the ratio of the company’s Bitcoin holdings to its fully diluted shares. The data is intended to provide investors with a better understanding of how Metaplanet’s Bitcoin acquisitions have impacted shareholder value.
In addition to this Bitcoin-focused strategy, Metaplanet’s stock price has been on an upward trend, rising more than 7% during trading hours to 1,150 yen (about $7.50), according to Google Finance.
Asia’s largest Bitcoin holder
Currently, Metaplanet is the largest listed Bitcoin holder in Asia, surpassing Meitu Inc. from Hong Kong, which owns 940.9 BTC. This achievement also positions the company among the top 20 Bitcoin companies worldwide, ranking 19th according to Bitcoin Treasuries. facts.
Commenting on this milestone, Metaplanet CEO Simon Gerovich said declared:
“[Metaplanet] now owns over 1000 BTC, making him one of the largest corporate holders of Bitcoin in Asia.”
Gerovich also hinted at the company’s intention to continue accumulating Bitcoin in response to a query from a member of the crypto community.