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Metaplanet has fortified its crypto treasury by adding 135 Bitcoin marking a significant boost to its investments in the digital currency. With the latest acquisition worth 1.939 billion yen this Japanese firm’s total Bitcoin count now stands impressively at 2,235 BTC. This strategy mimics the approach of major players like Strategy enhancing its footprint as a leading corporate Bitcoin investor.
The company’s Bitcoin-per-share yield surged by 309.8% in the fourth quarter of 2024 although growth moderated to 23.2% early this year. Metaplanet’s aggressive expansion involves issuing 21 million stock acquisition rights and the early redemption of bonds worth 4 billion yen to fuel further purchases showcasing a robust use of capital markets to support its crypto endeavors.
Since beginning its Bitcoin investments in April 2024 Metaplanet’s stock value skyrocketed by over 3000% earning it the title of Japan’s top-performing stock. Following a successful reverse split last August the company plans a 10-to-1 stock split on April 1 aiming to enhance liquidity and attract more investors.
