Metaplanet Boosts BTC Holdings by 156 Coins, Yield Surges to 31.8%

Coin WorldMonday, Mar 3, 2025 4:46 am ET

1min read

Metaplanet, a technology company, has made a strategic move in the cryptocurrency market by purchasing an additional 156 bitcoins (BTC) during a recent dip in price. The company spent approximately $13.4 million on the acquisition, with each bitcoin costing around $85,590. This purchase has significantly boosted Metaplanet's BTC yield to 31.8% year-to-date.

As of March 3, Metaplanet's BTC holdings have increased to 2,391, valued at $196.3 million, with an average purchase price of $82,100 per bitcoin. This strategic investment comes as the company continues to explore opportunities in the cryptocurrency market.

In addition to its cryptocurrency investments, Metaplanet has been invited by the New York Stock Exchange (NYSE) and Nasdaq to introduce its platforms and functions. The company is considering ways to make its shares more accessible to global investors, as indicated by Simon Gerovich, the CEO of Metaplanet.

Metaplanet's bitcoin strategy has proven successful, with the company seeing a gain of approximately $21.3 million on its investments. The company's shares have also performed well, rising by 20% in Monday's market, with shares trading at 4,010 yen.

Metaplanet joins bitdeer technologies as the second publicly traded company to announce the purchase of bitcoins during a recent dip in price. This move highlights the growing interest and investment in cryptocurrencies among publicly traded companies.

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