Metaplanet expands Bitcoin reserves with 68 BTC, now holds 0.01% of total supply
The Japanese investment company Metaplanet widened its Bitcoin holdings with a purchase of $ 6.6 million, bringing its total to 2,100 BTC.
The investment company based in Tokyo, Metaplanet, announced Thursday that it had bought 68.59 bitcoin (BTC) for around 996 million Japanese yen (or approximately $ 6.6 million), bringing its total Bitcoin holders to 2,100 BTC, or approximately 0.01% of the total Bitcoin supply.
In a February 20 Additional purchase noticeThe company said the last purchase had an average price of 14.53 million yen per BTC. Metaplanet also follows BTC yield, which measures changes in Bitcoin assets compared to its entirely diluted actions. The company reported a BTC yield of 41.7% for the third quarter of 2024. In Q4 2024, metrics increased to 309.8%.
Metaplanet started its Bitcoin strategy on April 8, 2024. It aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. With the last purchase, it reached around 2.38 % of its previously completion disclosed “21 million plan”, under which 21 million shares of 0% of the acquisition of a share stock was issued to Evo Fund. After the announcement of the news, Metaplanet’s shares climbed 1.79% on the over -the -counter market.
Earlier in February, Metaplanet shares fell by more than 8% After the Japanese company announced a distribution of actions of 10 per 1 to improve liquidity. This decision followed an inverted split of August 2024 which consolidated 10 shares in one. Metaplanet noted that the rapid rise in action had cost investors. As Crypto.News reported earlier, Metaplanet became the most efficient stock in Japan, arrow of 3,600% after having moved its Bitcoin target.
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