The Japanese investment company, Metaplanet, has acquired an extra 269.43 Bitcoins, continuing with their strategic approach to build a Bitcoin reserve.
On February 17th, Metaplanet disclosed they had bought 269.43 Bitcoins (BTC) for approximately $25.6 million each Bitcoin, which boosts their overall Bitcoin holdings to about 2,031.41 BTC. The average cost per Bitcoin purchased by Metaplanet is now around $78,000, making the total value of their Bitcoin assets approximately $159 million.
メタプラネットが追加で269.43ビットコインを購入。
— Metaplanet Inc. (@Metaplanet_JP) February 17, 2025
Metaplanet assesses its Bitcoin holdings’ worth against its total outstanding shares using the Bitcoin Return on Investment (BTC Yield). For the initial three months of 2025, the company recorded a BTC Yield of 15.3%. This figure represents a significant increase of approximately 309.8% in late 2024.
Starting from mid-2024, the firm began amassing Bitcoin more vigorously with an initial holding of only 141 BTC. By year-end, this amount grew significantly to over 1,760 BTC, positioning Metaplanet as one of Japan’s top institutional Bitcoin holders.
Following in the footsteps of Strategy (previously MicroStrategy), a U.S.-based firm that paved the way for corporate Bitcoin amassment, I find myself mirroring their strategy. As of February 17th, Strategy boasts an impressive $14.85 billion in potential profits from their Bitcoin holdings, untapped and unrealized. Their steadfast belief in the value of this asset serves as a beacon for other institutional investors, inspiring them to follow suit.
In Q4 of 2024, Strategy Inc. experienced a significant reversal in fortune, reporting a loss of $670.8 million compared to a profit of $89.1 million in the same period the year before. This change was highlighted in their latest earnings report, published on February 5. A substantial contributor to this loss was a $1.01 billion write-off related to their Bitcoin investments.
Even with these setbacks, Strategy remains the biggest corporate Bitcoin investor, banking on the asset’s future expansion. Similar to Strategy, Metaplanet is utilizing Bitcoin as a reserve asset, even within Japan’s stringent cryptocurrency rules. As per recent updates, Metaplanet aims to augment its Bitcoin holdings to 10,000 units by the year 2025.
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2025-02-17 08:23