Metaplanet Further Boosts Its Bitcoin Holdings
Metaplanet recently added 775 Bitcoins to its treasury, investing about $93 million. This latest move bolsters its portfolio,which now totals 18,888 BTC. Valued at roughly $1.94 billion at current prices, the company continues to show confidence in Bitcoin.
CEO Simon Gerovich expressed enthusiasm about the new acquisition. He stated, “We’re aiming for more,” signaling future investments. The company utilizes BTC Yield as a metric to evaluate performance. It measures how much bitcoin each share gains over time.
- This year, the BTC Yield jumped by 480%, with QTD yielding 29.3%.
- Metaplanet seeks to hold 210,000 BTC by 2027, aiming for 1% of the market.
- Q3 acquisitions reached 5,556 BTC, financed via various methods.
To support its goals, Metaplanet plans to issue Bitcoin-backed preferred shares, raising $3.8 billion over two years. By year-end 2025, it aims to own 30,000 BTC and 100,000 by 2026. Currently, it needs to acquire another 11,112 BTC to meet its yearly target.
Tho,Bitcoin faces some volatility. At $115,436 during press time, it dropped 2.3% in 24 hours and 5.4% weekly, tapering off after hitting an all-time high above $124,000 last week.
