Metaplanet, a leading publicly traded company based in Tokyo, has significantly increased its Bitcoin portfolio by acquiring an additional 619.7 BTC. The purchase, valued at 9.5 billion yen ($60.6 million), represents the company’s largest Bitcoin investment to date. With this move, Metaplanet now boasts a total of 1,761.98 BTC, reflecting a strategic commitment to its crypto treasury operations.

This investment follows a successful 5 billion yen ($32 million) fundraising through a private placement of Metaplanet’s 5th Series of Ordinary Bonds with EVO FUND. The funds were specifically earmarked for expanding the company’s Bitcoin holdings. These bonds, which mature in June 2025, feature no interest and include options for early redemption under certain conditions.

Highlighting the positive momentum, Metaplanet reported a surge in its BTC Yield, a key metric that tracks the growth of Bitcoin holdings against fully diluted shares. From the beginning of October to late December, the BTC Yield climbed dramatically to 309.82%, up from 41.7% in the preceding quarter, underscoring robust growth and Metaplanet’s bullish outlook on cryptocurrency.