Japanese investment firm MetaPlanet has been in the news almost every week in the past few months owing to its aggressive Bitcoin expansion strategy.
The latest from the firm is that MetaPlanet has acquired a further 2,205 Bitcoin bringing its total holdings to 15,555 BTC, now valued at approximately $1.54 billion based on current market prices.
The company disclosed that the acquisition was made at an average price of $108,237 per Bitcoin, representing a quarterly investment of $238.7 million. Across all purchases to date, Metaplanet’s average cost stands at $99,307 per Bitcoin.
As part of its performance reporting, Metaplanet tracks a proprietary metric known as “BTC Yield,” which measures the change in Bitcoin holdings per fully diluted share. For the quarter ending June 30, the company reported a BTC Yield of 95.6%, down from a 309.8% yield in the previous quarter. The firm also uses BTC Gain and BTC Yen Gain to assess returns more clearly for investors.
CEO Simon Gerovich reaffirmed Metaplanet’s long-term commitment to Bitcoin accumulation, stating the company “will never stop stacking”.
He also described the latest purchase as a move aimed at delivering sustained value to shareholders.
With the additional holdings, Metaplanet has advanced to the fifth largest corporate Bitcoin holder globally.
