Metaplenet Inc. (3350) bought another 1,009 bitcoin carrying its total treasure to 20,000 BTC and supervating riot platforms (RIOT) Become the corporation with the sixth largest treasury holdings of the largest cryptocurrency.
The purchase, valued at approximately 16.5 billion yen ($ 112 million)It demonstrates the company’s commitment to Tokyo to position Bitcoin as a central reserve asset. Its total purchases of Bitcoin now amount to 302.3 billion yen at an average cost of 15.1 million yen per BTC, according to a presentation published on Monday.
The rhythm of the company’s bitcoin accumulation has made it the adopter of the most prominent cryptocurrency in Asia. From July 1 to September 1, the company achieved a BTC yield of 30.7%, while its multiple to net asset value (MNAV) He feels just below 2.
Metaplenet shares fell 5.5% to 831 yen.
