Metaplanet (3350)A listed investment company, he said another 463 bitcoins
stressing the long-term shareholder value of cryptocurrencies, even if its shares fell by more than 7%, at half of the value they held in June.
The latest purchase cost the company 7.995 billion yen (US$540 million) The average price per bitcoin is 17.3 million yen and the total holding is 17,595 BTC. Overall, Metaplanet paid about 261.28 billion yen for its hiding place.
As Metaplanet’s shares fell, the purchase price slipped to 987 yen on Monday, 50% below its June peak. As its value reflects changes in Bitcoin prices and rising BTC holdings, Metaplanet positioned itself as the closest agent in Asia to Bitcoin exchange-traded funds.
The company reported that BTC’s yield was a cumulative Bitcoin per share, at 309.8% in the fourth quarter of 2024 and 129.4% in the second quarter. As of August 4, production has slowed to 52.6%.
