Close Menu
    Facebook X (Twitter) Instagram
    Saturday, May 24
    X (Twitter) Instagram LinkedIn YouTube
    Chain Tech Daily
    Banner
    • Altcoins
    • Bitcoin
    • Crypto
    • Coinbase
    • Litecoin
    • Ethereum
    • Blockchain
    • Lithosphere News Releases
    Chain Tech Daily
    You are at:Home » Japan’s Metaplanet adds 150 BTC, now holds 3,350 BTC
    Crypto

    Japan’s Metaplanet adds 150 BTC, now holds 3,350 BTC

    James WilsonBy James WilsonMarch 24, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Metaplanet has added 150 BTC to its treasury at an average price of ¥12.57 million ($80,000) per BTC, totaling ¥1.886 billion ($12.1 million). 

    According to Metaplanet’s Mar. 24 official statement, this brings its total Bitcoin (BTC) holdings to 3,350 BTC, purchased at an overall cost of ¥42.22 billion ($270 million), averaging ¥12.60 million ($80,200) per BTC. Since formally embracing Bitcoin as a key part of its business, Metaplanet has quickly grown its holdings to become the biggest corporate Bitcoin holder in Asia. 

    The company has used stock acquisition rights through EVO FUND and zero-coupon bonds to finance its acquisitions. In March alone, Metaplanet redeemed ¥2 billion ($12.8 million) in bonds ahead of schedule and raised another ¥2 billion ($12.8 million) through a new bond issuance. This strategy has allowed the company to continue buying Bitcoin without taking on debt with interest.

    A key metric used by the company to monitor its Bitcoin strategy is BTC Yield, which calculates the percentage increase in BTC holdings in comparison to fully diluted shares.

    After rising 309.8% in Q4 2024, the Bitcoin Yield has so far reached 68.3% for the first quarter of 2025. Meanwhile, since starting to accumulate Bitcoin in April 2024, Metaplanet’s stock price has risen by over 3,000%, indicating high investor confidence.

    In other related news, on Mar. 21, Metaplanet announced the creation of a new advisory board, with Eric Trump serving as its first member.  Trump, who has a background in real estate and finance, is expected to contribute business expertise to the firm’s mission of becoming a leading Bitcoin Treasury Company.

    Metaplanet’s CEO, Simon Gerovich, noted that the advisory board will include influential voices, speakers, and thought leaders committed to advancing Bitcoin adoption. While the company did not disclose specific details on Trump’s role, it described his appointment as part of a broader effort to attract top-tier advisory talent.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleColle AI (COLLE) Revisits Bitcoin Integration to Reinforce Cross-Chain AI Utility in NFT Ecosystem
    Next Article Swyftx Review | Best Australian Crypto Exchange! 2025
    James Wilson

    Related Posts

    Why crypto prices spike yet Dow Jones, US dollar index fall

    May 24, 2025

    Pepe price forms golden cross despite whale and smart money selling

    May 24, 2025

    Ethereum forms bullish setup, Polymarket traders eye $4,000

    May 24, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Why crypto prices spike yet Dow Jones, US dollar index fall

    Decentralized Oracle Network Chainlink Continues To Top Real-World Assets Sector in Recent Development Activity: Santiment

    Pepe price forms golden cross despite whale and smart money selling

    Ethereum forms bullish setup, Polymarket traders eye $4,000

    About
    About

    ChainTechDaily.com is your daily destination for the latest news and developments in the cryptocurrency space. Stay updated with expert insights and analysis tailored for crypto enthusiasts and investors alike.

    X (Twitter) Instagram YouTube LinkedIn
    Popular Posts

    Why crypto prices spike yet Dow Jones, US dollar index fall

    May 24, 2025

    Decentralized Oracle Network Chainlink Continues To Top Real-World Assets Sector in Recent Development Activity: Santiment

    May 24, 2025

    Pepe price forms golden cross despite whale and smart money selling

    May 24, 2025
    Lithosphere News Releases

    Colle AI Expands Bitcoin-Powered Capabilities to Unlock Scalable NFT Asset Distribution

    May 23, 2025

    Atua AI Enhances Financial Automation Through Deeper XRP Cryptocurrency Infrastructure Scaling

    May 23, 2025

    Africa’s green future lies in industrial cities

    May 21, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.