Metaplenet (3350), the Japanese company that undertakes to buy Bitcoin
It increased its participations to 10,000 BTC, surpassing Crypto Exchange Coinbase (Coin) to own the ninth largest stash among companies that are quoted in the stock market.
The company based in Tokyo bought 1,112 BTC for $ 117.2 million at an average price of $ 105,435 by Bitcoin, CEO Simon Gerovich published in X. The purchase raised its holdings above 9,267 coinbase, according to data on Bitcointrease.com.
As of June 16, the accumulated investment of Bitcoin de Metaplenet is approximately $ 947 million, with an average acquisition cost of $ 94,697 per BTC. It began by the Bitcoin accumulation route in April 2024.
An outstanding metric in Metaplenet’s performance is its Bitcoin performance, a patented measure that tracks the percentage change in the relationship between BTC’s total holdings to completely diluted actions in circulation. The company has registered strong figures in the last quarters:
- T3 2024 (July to September): 41.7%
- Q4 2024 (October to December): 309.8%
- Q1 2025 (January to March): 95.6%
- Q2 2025 to date (April to June 16): 87.2%
To finance additional BTC purchases, Metaplenet issued $ 210 million in ordinary percent zero bonds. The market response to the aggressive Bitcoin strategy of the company has been positive, and the shares closed 26% higher on Monday, reaching 1,895 yen.
