Metaplanet Boosts Bitcoin Holdings by 53.2% with $13.5 Million Purchase

Metaplanet, a Japanese hotel company, has significantly bolstered its Bitcoin holdings with a substantial purchase and bond issuance. The company acquired 162 Bitcoin (BTC) for a total of $13.5 million, with an average price of $83,123 per Bitcoin. This acquisition has resulted in a year-to-date Bitcoin yield of 53.2%. The yield is calculated as the percentage change in the ratio of Bitcoin holdings to fully diluted shares outstanding over a given period.

As of March 12, Metaplanet's total Bitcoin holdings stand at 3,050 BTC, valued at $253.7 million. The average acquisition price per Bitcoin for the company is $83,180. This strategic move underscores Metaplanet's commitment to diversifying its asset portfolio and leveraging the potential growth of Bitcoin.

To fund further Bitcoin acquisitions, Metaplanet has issued 2 billion JPY ($13.5 million) in zero-interest ordinary bonds. This financial maneuver allows the company to secure additional capital without incurring interest expenses, providing flexibility for future investments in Bitcoin and other digital assets.

Metaplanet's shares were trading at 3,630 yen at the time of the announcement, reflecting a significant decline from its all-time high in February. Despite the recent drop in share price, the company's aggressive Bitcoin acquisition strategy signals confidence in the long-term value and potential of cryptocurrencies. This move aligns with a growing trend among corporations to integrate Bitcoin into their treasury management strategies, seeking to hedge against inflation and capitalize on the digital asset's appreciation.