Tokyo-listed Metaplanet Inc. saw its shares increase by 15.1% on Tuesday, closing at 2,295 yen ($15.22) after announcing the purchase of an additional 124.1 BTC.
Tokyo-listed Metaplanet Inc. saw its shares increase by 15.1% on Tuesday, closing at 2,295 yen ($15.22) after announcing the purchase of an additional 124.1 BTC, valued at approximately $11.3 million. This acquisition brings the company's total Bitcoin holdings to 1,142.2 BTC, worth about $104.8 million.
The firm disclosed that it acquired the latest batch of Bitcoin at an average price of around 14.1 million yen ($91,266) per coin.
Metaplanet has actively expanded its Bitcoin treasury in recent months, following its strategic decision announced in May to adopt Bitcoin as a reserve asset. The company's Bitcoin yield has reportedly grown 186.9% from Oct. 1 to Nov. 19 this year.
On Monday, Metaplanet also issued one-year ordinary bonds totaling 1.75 billion yen ($11.3 million) aimed at funding further Bitcoin purchases. The bonds are scheduled to mature on Nov. 17, 2025.
In terms of market activity, Metaplanet ranked 29th among 4,000 listed companies in Japan by trading value, outperforming larger competitors such as Itochu and NTT, according to CEO Simon Gerovich's remarks on X.
Overall, the company's stock has surged 1,334% year-to-date, with a daily turnover of 21.9 billion yen ($141.7 million) recorded on Tuesday. The Nikkei 225 index, by contrast, increased by 0.5% on the same day.
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