Tokyo-based investment firm Metaplanet said Monday it had acquired an additional 150 bitcoin (BTC) to bring its total holdings to 3,350 BTC, valued at approximately $291 million at current market rates.
The purchase comes just days after the company made Eric Trump, son of U.S. President Donald Trump, to its newly formed strategic advisory board. He is expected to bring a high-profile perspective to Metaplanet’s ambitions.
Metaplanet is working to boost its value for shareholders by buying and holding bitcoin, using a measure called BTC Yield to track how well this plan is working.
BTC Yield shows the percentage change in the amount of Bitcoin they own compared to the total number of shares, over a set time. From July to September 2024, their BTC Yield was 41.7%, meaning their bitcoin stash grew steadily compared to shares. Then, from October to December 2024, it jumped to 309.8% because they bought a lot more bitcoin while its price soared.
So far in 2025, from January 1 to March 24, they’ve hit a BTC Yield of 68.3%, per Monday’s documents.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
TRX has outperformed much of the crypto market this year, slipping only about 1.3% versus…
What to Know: Bitcoin’s 2026 outlook targets the $180K-$200K range, contingent on sovereign adoption and…
Wallet data shows the Royal Government of Bhutan moving bitcoin to trading firms and exchanges…
During Asian trading hours, BTC hit a low of $69,101 on Bitstamp.Read MoreCoinDesk: Bitcoin, Ethereum,…
The decline followed sharp losses in Asian and U.S. tech shares, where concerns over peaking…
It is the same setup Michael Burry warned about this week, when he said falling…