Metaplanet (3350) said it bought another 518 bitcoin (BTC) as part of its Bitcoin Treasury Operations.
The purchase was made at an average price of $118,519 per bitcoin, bringing the total purchase value to about $61 million, the Tokyo-based investment company said in a post on X.
The company, holder of the sixth-largest corporate stash of bitcoin, now holds some 18,113 BTC valued about $1.85 billion. It paid an average of $101,911 per bitcoin.
Metaplanet also provided an update on its bitcoin-related performance metrics. Between July 1 and Aug. 12 the BTC Yield stood at 26.5%, reflecting the growth in bitcoin holdings relative to fully diluted shares outstanding.
Its previous BTC Yield figures highlight notable fluctuations. The figure was 41.7% in third-quarter 2024, rising to 309.8% by year-end. Then it dropped to 95.6% in the first quarter before rebounding to 129.4% in the second.
The company measures BTC Yield and BTC Gain to track the accretive impact of its bitcoin acquisition strategy for shareholders. The stock fell 2.7% to 975 yen ($6.6) on Tuesday.
Read more: Metaplanet Doubles Down on Bitcoin as Shares Slide, Buys Another $54M
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Despite the Bitcoin price recovery above the crucial $90,000 threshold—a level that has historically served…
Fundstrat’s Tom Lee told attendees at Binance Blockchain Week that he believes the worst leg…
The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between…
Crypto analyst Miles Deutscher has issued one of the most forceful bottom calls of this…
The Bitcoin price volatility is once again drawing attention to MicroStrategy, the company whose strategy…
Bitcoin Magazine Vivek Ramaswamy’s Strive Urges MSCI to Rethink Bitcoin Index Exclusion Strive Asset Management…