Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring approximately 619.7 BTC for $60 million. This acquisition brings the company’s total Bitcoin holdings to 1,762 BTC, valued at around $168 million.
*Metaplanet purchases additional 619.70 BTC* pic.twitter.com/5npflMJ3kW
— Metaplanet Inc. (@Metaplanet_JP) December 23, 2024
Details of the Acquisition:
- Purchase Date: December 23, 2024
- Bitcoin Price at Purchase: Approximately $96,000 per BTC
- Total Holdings Post-Purchase: 1,762 BTC
- Average Purchase Price Across Holdings: $75,600 per BTC
Metaplanet, often referred to as “Asia’s MicroStrategy,” has been steadily increasing its Bitcoin holdings since initiating its acquisition strategy in May 2023. The firm’s BTC Yield—a metric assessing the effectiveness of its Bitcoin acquisition strategy—surged to 310% in Q4 2024, up from 41.7% in Q3.
To fund these purchases, Metaplanet raised $60.6 million through two bond issuances earlier in December 2024. The company issued a 4.5 billion yen bond and a subsequent 5 billion yen bond, both maturing on June 16, 2025.
This strategic move aligns with Metaplanet’s rebranding efforts as a Bitcoin Treasury company, emphasizing its commitment to integrating Bitcoin into its financial strategy. The firm’s stock has experienced significant growth, rising over 2,100% in 2024 and reaching an all-time high of 4,080 JPY on December 17.
