CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-03-12 07:15:50

Bitcoin-focused Metaplanet’s total holdings break through 3k BTC

Metaplanet has purchased 162 Bitcoin, bringing their total holdings to 3,050 BTC. This is the first time Metaplanet’s crypto investments have surpassed the 3,000 BTC mark. On March 12, the Japanese investment firm announced it had recently acquired an additional 162 BTC ( BTC ) at an average price of 12,39 million yen ($83,635) as part of its efforts to continuously strengthen its Bitcoin Treasury Operation. With this latest BTC purchase, Metaplanet has managed to accumulate 3,050 BTC or equal to nearly $250 million. *Metaplanet Purchases Additional 162 $BTC * pic.twitter.com/ESkiyierok — Metaplanet Inc. (@Metaplanet_JP) March 12, 2025 This is the first time Metaplanet’s Bitcoin Treasury has surpassed the 3,000 BTC threshold. Often referred to as the “Asian MicroStrategy (now known as Strategy ),” Metaplanet has been gradually stocking up on its Bitcoin investment since April 2024. At press time, Bitcoin has gone up more than 2% in the past 24 hours of trading. However, it still has not recovered from its earlier slump, which dragged the price of Bitcoin down from its $90k high. Bitcoin is currently trading hands at $81,665. The largest cryptocurrency by market cap has declined 6.4% in the past week and nearly 16% in the past month. Price chart for Bitcoin in the past 24 hours, March 12 | Source: crypto.news You might also like: Metaplanet buys 497 BTC, surpasses Boyaa Interactive as Asia’s top corporate holder The company’s BTC Yield, which measures the amount of Bitcoin held per share, grew by 309.8% in Q4 2024. Meanwhile in the first quarter of 2025, calculated from Jan. 1 until March 12, Metaplanet has achieved a BTC Yield of 53.2%. Since it started purchasing Bitcoin in April 2024, Metaplanet’s stock price has increased more than 3,000%, making it the best-performing stock in Japan. On March 12, Metaplanet’s stock went up by 8.6% or 290 points to $3,630. The firm currently holds a market cap of $141.8 billion, according to data from Yahoo Finance. On the same day as the firm’s recent BTC purchase, Metaplanet announced that it has issued ¥2 billion ($13.3 million) through a zero-interest bond to increase its Bitcoin holdings. The bonds were approved on March 12 and will mature in September 2025. Read more: Metaplanet issues 2B yen in zero-interest bonds for additional BTC acquisition

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.