Metaplanet’s Bitcoin-focused strategy is nearing a 500% year-to-date yield, boosted by a new purchase of 136 BTC for $15.2 million. With this addition, the firm now holds 20,136 BTC, representing a total investment of roughly $2.057 billion.
The latest tranche, bought at an average price of $111,000 per BTC, follows last week’s acquisition of 1,009 BTC for $112 million. That transaction pushed the company beyond the 20,000 BTC milestone.
Metaplanet also announced shareholder approval to issue up to 550 million new shares overseas, raising $884 million to fund future Bitcoin purchases. CEO Simon Gerovich described the decision as pivotal for governance and alignment with the company’s aggressive treasury strategy.
You need to login in order to Like
Leave a comment