Metaplanet Boosts Bitcoin Reserves With $13.5M Purchase, Issues Zero-Interest Bonds
Japanese hospitality firm Metaplanet (3350) has expanded its Bitcoin (BTC) holdings, purchasing 162 BTC for $13.5 million at an average price of $83,123 per coin. This latest move increases its year-to-date Bitcoin yield to 53.2%.
The BTC yield measures the percentage increase in Bitcoin holdings relative to fully diluted shares. As of March 12, Metaplanet holds a total of 3,050 BTC, valued at approximately $253.7 million, with an average purchase price of $83,180 per Bitcoin.
To support further accumulation, the company has issued 2 billion JPY ($13.5 million) in zero-interest ordinary bonds. Despite its aggressive Bitcoin strategy, Metaplanet’s stock price currently sits at 3,630 yen, down nearly 50% from its February all-time high.
