Metaplanet inches closer to top 4 BTC corporate holders with fresh $238 million buy
The Japanese investment company Metaplanet has made another major investment to stimulate its Bitcoin portfolio.
According to the last disclosureHe bought 2,205 additional bitcoin (BTC) for approximately $ 237.9 million (34.49 billion yen). The tokens were obtained at an average cost of 15.64 million yen per Bitcoin, around $ 107,800, now bringing its assets to 15,555 BTC.
The latest purchase mark the biggest purchase of a company’s day since the start of its Bitcoin accumulation strategy, funded by a mixture of bond emissions and action mandate exercises.
Only a few days before this acquisition, Metaplanet bought 6 billion yen of bonds issued at the end of June, using the product of newly exercised mandates. The company has always followed this approach, raising capital and by converting it directly into Bitcoin to extend its treasure assets.
Until now, the company based in Tokyo has now spent a total of 225.8 billion yen, around 1.6 billion dollars, on Bitcoin since the start of its cash strategy, with an average cost of 14.5 million yen per BTC. This continues to strengthen its greatest objective of reaching 30,000 BTC by the end of the year, 100,000 BTC by 2026 and 210,000 BTC by 2027.
Metaplanet recently entered the list of the first five business bitcoins holders, beyond businesses like Tesla and Coinbase. However, with his latest purchases, he is now closing in fourth place.
The company is less than 4,000 BTC behind the riot platform platforms of the digital infrastructure company, which contains 19,225 BTC, according to BitcoinTheries data. If the company maintains its current rate, it could soon exceed the riot to claim position number four.
Metaplanet also reported a BTC yield of 129.4% for Q2, with an additional 15.1% in the first week of July. He won 5,237 BTC in the second quarter, worth around 82.5 billion yen (approximately $ 513 million), and 2,017 BTC in early July, worth around 31.8 billion yen (around 198 million dollars).
If the company reaches its long -term objective of 210,000 BTC by 2027, it would control approximately 1% of the total bitcoin offer.
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