Metaplenet (3350) said he bought additional 269.43 Bitcoin (BTC), strengthening his position as an important corporate head of the cryptocurrency. The last purchase, valued at 4 billion yen ($ 26.4 million), carries the holdings of the company based in Tokyo at 2.031.41 BTC.
The purchase is part of the Bitcoin Treasury operations in the course of the company; He began buying the largest cryptocurrency in April 2024 and has now made an aggregate investment of 24.9 billion yen at an average price of 12.2 million yen, he said in a document published on his website.
The movement aligns with Metaplenet’s commitment to increase its Bitcoin performance, a measure of the change in BTC Holdings relationship to in circulation. The company achieved a yield of almost 310% in the fourth quarter, and its performance for the first quarter is currently 15.3%.
The purchase follows the fund collection exercise of $ 745 million last month through the issuance of 21 million shares. The Bitcoin purchase strategy reflects that of corporate pioneers such as Microstrategy, and becomes more popular in the financial sector of Japan. Last week, the Remixpoint energy firm said it spent 9 billion yen buying Bitcoin last year.
Among the companies that quote on the stock market, Metaplenet now has the largest 16th pile, according to Bitcoin’s treasure bonds. Metaplenet shares increased 2.2% to 6,040 yen on Monday.
