Metaplanet becomes fifth-largest corporate Bitcoin treasury with $633M buy
Metaplanet became the world’s fifth-largest corporate Bitcoin holder after buying 5,419 BTC, bringing its total to 25,555 BTC worth nearly $3 billion.
Japan’s Metaplanet expanded its Bitcoin treasury with a 5,419 BTC purchase, making it the fifth-largest corporate holder of the cryptocurrency globally.
The company said Monday it acquired 5,419 Bitcoin (BTC) at an average price of 17,281,012 Japanese yen (about $117,000) per Bitcoin. With this latest $633 million purchase, the company’s holdings reached 25,555 BTC, making it the fifth-largest corporate Bitcoin treasury, according to BitcoinTreasuries.NET.
The purchase price of its latest tranche of Bitcoin, just short of $117,000, put the investment at a loss of almost 3.9% at the time of writing, with a current market price of about $112,500. With the purchase, Metaplanet’s Bitcoin yield — the percentage change in the ratio of total BTC per fully diluted share — reached 10.3% from July 1 to Sept. 22.