Oh, the whimsical world of finance! Metaplanet, a company of great repute in the land of the rising sun, has once again demonstrated its sagacity by adding 135 Bitcoin to its treasury. This grand gesture cements its position as one of Japan’s most ardent corporate Bitcoin enthusiasts. 🎉
On the 25th of February, the company made a grand announcement, declaring the purchase of 1.939 billion yen (a princely sum of $12.8 million) worth of Bitcoin. This brings their total holdings to a staggering 2,235 BTC, acquired at an average price of 12.44 million yen ($82,000) per Bitcoin. Oh, the wealth! 🤑
*Metaplanet purchases additional 135 $BTC*
— Metaplanet Inc. (@Metaplanet_JP) February 25, 2025
Like the noble Strategy (formerly known as MicroStrategy), which boasts the largest corporate Bitcoin treasuries, Metaplanet has been steadily amassing its Bitcoin holdings since the inception of its Bitcoin Treasury Operations. 🏦
The company’s BTC Yield, a measure of the Bitcoin held per share, soared by 309.8% in the fourth quarter of 2024. However, in the early days of 2025, the growth has slowed to a more modest 23.2%, as Metaplanet expanded its share base. 📈
Metaplanet continues to employ capital market activities to finance its Bitcoin acquisitions. In January, they offered 21 million stock acquisition rights to EVO FUND, managed by the illustrious Evolution Capital Management. This was followed by the early redemption of 4 billion yen ($26.5 million) in bonds in February. 🌟
Since embarking on its Bitcoin purchasing journey in April 2024, Metaplanet’s stock price has risen by more than 3000%, making it the most enviable stock in Japan. On February 18, the company announced a 10-to-1 stock split, effective April 1, to make shares more accessible to the common investor. 🤝
This move follows a reverse stock split in August 2024, which combined ten shares into one. With the stock price now surpassing 6000 yen per share, the company is once again dividing its shares to enhance liquidity and attract new investors. 🌊
Metaplanet’s strategic approach may serve as a beacon for other enterprises contemplating the integration of Bitcoin into their balance sheets, given Japan’s forward-thinking stance on cryptocurrency. 🚀
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2025-02-25 08:50