In the bustling, often absurd world of financial investments, the Japanese firm Metaplanet has once again made a grand gesture, one that could be seen as either a stroke of genius or a leap into the abyss. With a $6.6 million purchase, Metaplanet has expanded its Bitcoin holdings to a staggering 2,100 BTC, a mere 0.01% of the total Bitcoin supply. 🤑
On a Thursday, in the heart of Tokyo, Metaplanet announced its latest acquisition of 68.59 Bitcoin (BTC) for about 996 million Japanese yen (or around $6.6 million). This brings their total Bitcoin holdings to 2,100 BTC, a figure that, while impressive, still leaves them with the modest claim of owning 0.01% of all the Bitcoin in the world.
*Metaplanet Reaches 0.01% of Total Bitcoin Supply*
— Metaplanet Inc. (@Metaplanet_JP) February 20, 2025
In a notice of additional purchase, the firm revealed that the latest acquisition had an average price of 14.53 million yen per BTC. Metaplanet also tracks BTC Yield, a metric that measures changes in Bitcoin holdings relative to its fully diluted shares. The firm reported a 41.7% BTC Yield for Q3 2024, which then skyrocketed to 309.8% in Q4 2024. 🚀
Metaplanet embarked on its Bitcoin strategy on April 8, 2024, with the ambitious goal of reaching 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. With the latest purchase, they have achieved approximately 2.38% completion of their “21 Million Plan,” under which 21 million shares of 0% discount stock acquisition rights were issued to EVO FUND. The news of this acquisition sent Metaplanet’s shares soaring 1.79% on the over-the-counter market. 📈
Earlier in February, Metaplanet shares took a tumble, falling over 8% after the company announced a 10-for-1 stock split aimed at improving liquidity. This move followed an August 2024 reverse split that consolidated 10 shares into one. Metaplanet noted that the stock’s rapid surge had made it prohibitively expensive for investors to enter. As crypto.news reported, Metaplanet has become Japan’s top-performing stock, soaring 3,600% after shifting its focus to Bitcoin. 🌟
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2025-02-20 10:19