United

Bitcoin

Impact

Yield

<p>Metaplanet Inc. (Tokyo: 3350) is doubling down on its Bitcoin bet. Fresh off a major stock sale, the Tokyo-based tech firm has made another significant cryptocurrency purchase. The company acquired 156.78 Bitcoin (BTC) from the secondary market, shelling out ¥1.6 billion at an average price of around ¥10.2 million per coin. </p>   
<p>With this latest purchase, Metaplanet’s Bitcoin holdings have reached a total of 1,018.17 BTC, now valued at more than ¥9.6 billion (over $66 million). According to CEO Simon Gerovich, this positions Metaplanet as one of the largest Bitcoin holders in Asia, enhancing its standing in the market. The move has also coincided with a recent surge in <a href="https://coinpedia.org/news/metaplanet-inc-plans-major-bitcoin-expansion-with-6-6m-stock-sale/" target="_blank" rel="noreferrer noopener">Metaplanet’s stock price</a>, which rose 6.9% over the past 24 hours, trading around ¥1,147 in Monday’s early Asian session.</p>   
<p>Yet again, Metaplanet proves to be a major player in the crypto world today! Here's what else you should know. </p>   
<h2 class="wp-block-heading" id="h-understanding-the-btc-yield">Understanding the BTC Yield </h2>   
<p>Metaplanet has introduced<a href="https://coinpedia.org/news/metaplanet-bitcoin-strategy-new-kpi-btc-yield-boosts-116-bitcoin-growth/" target="_blank" rel="noreferrer noopener"> “BTC Yield”</a> as a new key performance indicator (KPI). This metric allows the company to measure the percentage change in its Bitcoin holdings relative to its fully diluted shares over a given period.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/metaplanet_jp/status/1850735760934125968?s=46 
 </div>
</figure>   [post_titles_links postid="372922"]   
<p>By using BTC Yield, Metaplanet aims to give investors a clearer view of how its Bitcoin investments are influencing overall shareholder value.</p>   
<h2 class="wp-block-heading" id="h-embracing-bitcoin-with-open-arms">Embracing Bitcoin With Open Arms! </h2>   
<p><a href="https://coinpedia.org/news/how-bitcoin-institutional-investment-trends-are-shaping-the-future-of-finance/" target="_blank" rel="noreferrer noopener">Institutional adoption</a> of Bitcoin is helping to boost the asset’s long-term bullish outlook. MicroStrategy Inc. (NASDAQ: MSTR) has led the way, with its success inspiring other large firms to <a href="https://coinpedia.org/news/microstrategy-touches-new-highs-as-trading-volume-rises-relative-to-nvidia/" target="_blank" rel="noreferrer noopener">consider Bitcoin investments</a>.</p>   
<p>For example, Microsoft, with a market value over $3 trillion, is expected to hold a shareholder vote by year’s end to decide on potential Bitcoin investments. BlackRock, with more than $10 trillion in assets under management, has also shown strong interest, purchasing over $26 billion in Bitcoin following recent U.S. approvals of spot BTC ETFs.</p>   
<p><strong>With its latest investment, Metaplanet is making it clear: in the world of crypto, those who dare to lead will shape the future.</strong> <strong>Are you excited for what is to come? </strong></p>

Metaplanet Inc. Bitcoin Holdings Explode to $66M After Major Stock Sale

Table of Contents

CoinPedia News

Other articles published on Oct 28, 2024

Your Path to Crypto Millions: 5 Low-Cost Coins with High ROI Potential

Bitcoin on the Brink of ATH Retest Amid Key Economic and Political Events

Bitcoin Premium Rate Nears 300%! Alarm Bells Ringing for MicroStrategy?

Is It Too Late To Buy DOGE? Department Of Government Efficiency Price Soars 46% After Elon Musk C...

'Most bullish' weekly close — 5 Things to know in Bitcoin this week

Raydium News Today: What's New About Ray Price Performance?

Join our free newsletter for daily crypto updates!