Metaplanet Buys 135 More Bitcoin to Become a Top-15 Publicly Traded BTC Holder

Metaplanet (3350) said it bought another 135 bitcoin (BTC) for 1.94 billion yen ($13 million) taking its total holdings to 2,235 BTC and making it one of the top 15 publicly traded companies with the largest bitcoin reserves.

The Tokyo-based company spent an average of 14,360,449 yen on the most recent purchase, and the average purchase price across all holdings is 12,441,856 yen. That converts to $81,195 per BTC, which is currently trading around $89,000.

So far this year, Metaplanet has achieved a BTC yield of 23.2%. Despite this, its stock price declined by 3% to 6,010 yen, a drop of less than 20% from its all-time high.

"Metaplanet has raised $47 million in equity at market in the first four trading days of its “21m Plan,” with 5.54% of the plan completed to date, according to Dylan Le Clair, the company's director of bitcoin strategy.