HomeCrypto NewsBitcoin NewsMetaplanet Buys 145 BTC, Reaches 5,000 BTC Milestone

Metaplanet Buys 145 BTC, Reaches 5,000 BTC Milestone

Date:

  • Metaplanet adds 145 BTC, boosting total to 5,000 BTC and crossing the halfway mark of its 2025 Bitcoin acquisition goal.
  • With a 121.1% BTC yield, the Tokyo-listed firm outpaces rivals in Bitcoin growth rate, trailing only Strategy Corp in volume.
  • Capital raised through stock rights and bonds fuels aggressive BTC buys as Metaplanet repays $1 million in bonds ahead of schedule.

Japanese firm Metaplanet has reached the halfway point of its 2025 milestone after updating its Bitcoin balance sheet with 145 BTC, bringing its total stash to 5,000 BTC. The corporate Bitcoin holder aims to accumulate 10,000 BTC before the year ends.

Metaplanet Hits 5,000 BTC with 121% Yield Amid Aggressive Crypto Push

In an April 25 disclosure, the Tokyo-listed firm announced that it has scooped up 145 BTC, valued at ¥1.926 billion ($13.6 million). Per further statements, each Bitcoin was purchased at an average price of ¥13.29 million ($93,327). Following this recent acquisition, Metaplanet’s Bitcoin stash now stands at 5,000 BTC, totaling ¥64.091 billion ($428 million). In addition, the average price of each Bitcoin investment sits at ¥12.82 ($85,621) per coin.

Per the corporation’s report, its annual BTC yield is currently pegged at 121.1%. For clarity, BTC yield is a key Bitcoin performance indicator that tracks the percentage change in BTC stash relative to the shares issued over a given period. Top investment vehicles like MicroStrategy and Metaplanet use this metric to measure their market performance.

In the statement, Metaplanet disclosed its recent capital activities, which include the issuance of bonds and stock rights aimed at funding Bitcoin purchases. On April 23, it completed the 14th series of stock purchase rights. Afterwards, the company used some of the proceeds from the series of rights to repay $1 million on its 11th series of zero-coupon bonds.

Since its crossover into the crypto space, Metaplanet has adopted MicroStrategy’s aggressive Bitcoin stacking model. Recall that Strategy recently completed a 6,556 BTC purchase earlier this week to become the largest corporate Bitcoin holder with 538,200 BTC.

Metaplanet’s Recent Investment Brings it Closer to its 10K BTC Goal

Metaplanet CEO Simon Gerovich stated that the latest Bitcoin investment round has propelled the corporation closer to achieving its 2025 target of holding 10,000 BTC. He added that the firm aims to become one of the leading Bitcoin treasuries globally.

Gerovich stated

We have reached 50% of our initial goal of 10,000 BTC by the end of 2025. This is a big step forward in our aim to become one of the world’s leading bitcoin holding companies.

Earlier this week, the Metaplanet chief reassured investors about the company’s long-term plan of acquiring Bitcoin, including leveraging short-term price fluctuations. Furthermore, he reiterated that the corporation’s vision is to become one of the world’s top companies in terms of valuation. Taking to X, Gerovich remarked that the company’s BTC accumulation growth rate is currently the fastest in the crypto space.

He said:

In terms of Bitcoin holding growth rate, we are the fastest in the world, and in absolute volume, we are expanding at a pace second only to Strategy Corp.

Meanwhile, Bitcoin has recorded an impressive market outing in the past week. At the time of writing, it trades at $92,578 following a modest slip in the recent intraday outing.

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Source: Coincodex

Despite this modest price dip, the coin has jumped nearly 10% week-to-date. Plus, it has experienced 17 consecutive green days over the past month and currently trades above its 200-day Simple Moving Average (SMA).

Jameson Michubu
Jameson Michubu
Jameson is a proficient crypto writer with expertise in blockchain ecosystems, Web3 innovations, and on-chain analytics. He excels at crafting insightful, data-driven content that keeps readers informed about market trends and emerging technologies. With a keen eye for detail, Jameson simplifies intricate blockchain topics, making them accessible to both newcomers and experienced investors. His work focuses on delivering timely, well-researched insights that drive meaningful conversations in the ever-evolving crypto landscape.

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