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Japanese investment firm Metaplanet has added 330 Bitcoin to its portfolio bringing its total to 4855 BTC. The latest purchase was made at an average price of ¥12.18 million or about $85605 per Bitcoin totaling roughly ¥4.02 billion or $26 million. Metaplanet’s Bitcoin is now valued at ¥62.17 billion or $414 million.
The company tracks its performance using a metric called BTC Yield which currently stands at 12.1 percent for this quarter. In previous quarters it reached as high as 309.8 percent. Metaplanet has used capital market tools like zero-interest bonds and stock rights to fund its Bitcoin buying spree. Over ¥35 billion or $226 million has been raised so far.
Metaplanet plans to buy even more aiming to hold 10000 Bitcoin by the end of 2025 and 21000 by 2026. This would give the company control of nearly one percent of Bitcoin’s total supply solidifying its position as Asia’s largest corporate Bitcoin holder.
