Metaplenet Inc (3350) has acquired an additional 775 bitcoin
For 13.73 billion yen (around $ 94 million)According to your most recent presentation.
The purchase, made at an average price of 17.72 million yen ($ 120,500) By Bitcoin, it raises the total holdings of the company to 18,888 BTC, for a value of approximately 284.1 billion yen ($ 1.95 billion). This purchase keeps them as the seventh Bitcoin Treasury company.
In all purchases, the average acquisition cost of metaplanet is now 15.04 million yen per BTC ($ 102,100).
The company reported a Bitcoin yield of 29.3% for the last period, below 129.4% in the second quarter. Its multiple to net asset value remains close to 2, the lowest since its accumulation of BTC began.
The company has $ 117 million in pending debt, the leverage of Metaplenet is minimal compared to its Bitcoin reserves. “Metaplenet now has $ 2.18 billion in BTC against only $ 120 million of ordinary bonds at a slope of 0%,” said Dylan Leclair, director of Bitcoin Strategy.
“Our ordinary bonds of the 19th of the 19 series are excessively collateralized by our BTC position, and currently represent the sole responsibility within our capital structure.”
Metaplenet shares increased 4% to close 900 yen on Monday, even when Bitcoin fell to $ 115,500, reflecting the confidence of investors in the company’s balance strategy.
