Metaplanet Increases Bitcoin Holdings to 13,350 BTC, Now Among Top 5 Public Holders

In Brief:

Metaplanet adds 1,005 BTC, bringing its total to 13,350 BTC, securing its position as the fifth-largest public Bitcoin holder.

The company’s Bitcoin-focused strategy has delivered strong returns, with a 348.8% yield this year.

Metaplanet, often referred to as Asia’s (Micro) Strategy, has officially joined the ranks of the top 5 public companies with the largest Bitcoin holdings. The company recently purchased an additional 1,005 BTC, increasing its total to 13,350 BTC. This move brings Metaplanet ahead of companies like CleanSpark and Galaxy Digital Holdings.

CEO Simon Gerovich confirmed that the firm spent $108.1 million to acquire the latest batch of Bitcoin, with an average purchase price of $107,601 per BTC. As of now, Metaplanet's total Bitcoin holdings are valued at approximately $1.31 billion, with an average acquisition cost of $97,832 per BTC.

The company's Bitcoin holdings have not only grown in size but also yielded impressive returns. In Q2, Metaplanet reported a 129.4% Bitcoin yield, and a remarkable 348.8% yield for the year. This success is a testament to Metaplanet’s strategy of expanding its Bitcoin treasury, with the goal of reaching 30,000 BTC by 2025 and 210,000 BTC by 2027.

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In addition to its Bitcoin purchases, Metaplanet issued its 19th Series of Ordinary Bonds, raising approximately $207 million to fund future Bitcoin acquisitions. This commitment to its Bitcoin-focused strategy has fueled investor confidence, reflected in a sharp 350% increase in the company’s stock value this year.

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