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Metaplanet expands Bitcoin holdings with 9.5 Billion yen purchase

Source Cryptopolitan

Tokyo-based Metaplanet Inc. purchased additional Bitcoin, continuing Bitcoin Treasury Operations. The company bought 619.70 Bitcoins at an average price of 15,330,073 yen a piece and paid a total of 9.5 billion yen.

On December 23, 2024, the company disclosed an additional purchase of Bitcoin. On December 18, 2024, Bitcoin Treasury became the company’s official business line.

メタプラネットが追加で619.70ビットコインを購入。 pic.twitter.com/xgatgn6YzJ

— Metaplanet Inc. (@Metaplanet_JP) December 23, 2024

Metaplanet now holds a total of 1,761.98 BTC

The company shared that it has maximized its Bitcoin holdings strategically by acquiring funds through capital market activities and operating income. Moreover, they also provided the total Bitcoin holdings and aggregate cost basis (net of all fees and expenses) for all key reporting periods.

The latest purchase by Metaplanet brings the total number of Bitcoins the company owns to 1,761.98, at an average purchase price of 11,846,002 yen per Bitcoin.

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