New BTC

Bitcoin

Yield

<ul class="wp-block-list">
 <li>Metaplanet's BTC holdings now exceed 1,000, making it Asia's largest corporate Bitcoin investor.</li>  
 <li>A 156 BTC buy by Metaplanet drives its stock up 6%, reinforcing its aggressive crypto acquisition strategy.</li>  
 <li>New BTC Yield metric reveals Metaplanet's 116% return in October, showcasing robust Bitcoin growth for investors.</li> 
</ul>  
<p>Metaplanet has now claimed the title of Asia’s largest corporate Bitcoin holder after boosting its holdings to over 1,000 BTC. The company confirmed this achievement today, announcing a recent purchase of 156 BTC valued at 1.6 billion Japanese Yen. The announcement triggered a 6.06% surge in Metaplanet’s stock price, reaching 1138 JPY in early trading across Asia.</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
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-consistent-accumulation-since-may"><strong>Consistent Accumulation Since May</strong></h2>  
<p>Metaplanet’s journey into Bitcoin began in May, with the company making steady acquisitions. In August, it took a 1 billion yen loan from MMXX Ventures Limited, fueling its BTC <a href="https://cryptonewsland.com/metaplanet-raises-66-2m-for-bitcoin-expansion-despite-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">acquisition strategy</a>. Since then, it has conducted 11 rounds of Stock Acquisition Rights, raising 10 billion yen to bolster its BTC purchases.</p>  
<p>In just this month, Metaplanet <a href="https://cryptonewsland.com/metaplanet-adds-106-bitcoin-to-reserves-stock-triples/" target="_blank" rel="noopener noreferrer nofollow">purchased</a> more than 600 BTC. This brings their total BTC holdings to 1,018.17 BTC. The company has opted to hold onto Bitcoin as a long-term investment. Its goal is to provide steady profits for its investors.</p>  
<h2 class="wp-block-heading" id="h-new-btc-yield-metric"><strong>New BTC Yield Metric</strong></h2>  
<p>Metaplanet recently introduced a new performance metric called the BTC Yield. This <a href="https://contents.xj-storage.jp/xcontents/33500/47b9752b/1682/4a42/898b/55628cd21a47/140120241024502484.pdf" target="_blank" rel="noopener noreferrer nofollow">indicator</a> offers insight into the company’s returns from its Bitcoin investments. CEO Simon Gerovich emphasized that this metric aligns with industry best practices, helping investors better assess Metaplanet’s Bitcoin strategy.</p>  
<p>The BTC Yield showed a 116% return for the company’s Bitcoin holdings this month. This marked a substantial increase from the 41.7% yield recorded between July 1 and September 30. Gerovich attributed this growth to the company's expanding BTC assets, which doubled over the previous quarter.</p>  
<p>With its latest acquisition strategy, Metaplanet aims to strengthen its market position and enhance shareholder value through Bitcoin.</p> 
<p>The post <a href="https://cryptonewsland.com/metaplanet-acquires-156-btc-secures-position/" rel="noopener noreferrer nofollow">Metaplanet Acquires 156 BTC, Secures Position as Asia’s Top Corporate Bitcoin Investor</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Metaplanet Acquires 156 BTC, Secures Position as Asia’s Top Corporate Bitcoin Investor

Table of Contents

Crypto News Land

Other articles published on Oct 28, 2024

Bitcoin Spot ETFs Records $2.67B in Inflows in Just One Week

Grass: Redefining The Internet Through User-Powered Bandwidth Sharing

Pump.fun Unveils New "Pump Advance" Trading Terminal, Teases Native Token Release

“I am very uncomfortable with Stablecoins”:India’s RBI Governor

Hong Kong Stock Exchange to Launch Unified Bitcoin and Ethereum Index

Dogecoin (DOGE) Eyes Multi-Week Breakout as Volume Jumps 95%

Join our free newsletter for daily crypto updates!