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cryptonews 2025-04-21 04:40:28

Metaplanet Snaps Up 330 More Bitcoin for $28.2M

Metaplanet has acquired an additional 330 Bitcoin as part of its ongoing treasury strategy, spending approximately $28.2m to expand its crypto reserves. The Tokyo-listed firm confirmed the purchase in a disclosure on Monday, citing an average price of around $85,561 per coin. This move pushes Metaplanet’s total holdings to 4,855 Bitcoin, up from 4,525 just a week earlier. Since the start of the year, the company has more than doubled its Bitcoin position, making it one of the most aggressive corporate accumulators of the asset in Asia. The company said the purchase aligns with its broader Bitcoin Treasury Operations, a business unit it officially launched in Dec. 2024. The strategy mirrors that of MicroStrategy in the US, aiming to convert fiat reserves into digital assets the company views as a long-term store of value. *Metaplanet Purchases Additional 330 $BTC * pic.twitter.com/Gkjp7wUi4S — Metaplanet Inc. (@Metaplanet_JP) April 21, 2025 Metaplanet Expands Bitcoin Push With Bond Issuance and Strategic Hire Late last month, as part of this effort, Metaplanet announced it had issued $13.3m in zero-interest ordinary bonds . The proceeds, it said, would be used exclusively to purchase additional Bitcoin. In a related move, the Tokyo-based Bitcoin-stacking company also announced the formation of a Strategic Board of Advisors. Eric Trump, the second son of US President Donald Trump, has been named its first member . A longtime crypto advocate, Trump has recently warned Wall Street to adapt to digital assets or risk becoming irrelevant. Metaplanet did not say whether the latest Bitcoin purchase was funded directly from the recent bond issuance. Earlier filings, however, show the company has raised significant capital this year. It has done so through multiple financing rounds. A large portion of those funds has been used to accelerate Bitcoin acquisitions. Metaplanet Reports 95.6% BTC Yield in Q1, Eyes Long-Term Growth Metaplanet uses a custom metric called BTC Yield to assess the performance of its strategy. This measures the growth of Bitcoin per fully diluted share. The firm reported a 95.6% BTC Yield for the first quarter of 2025. So far in April, the yield stands at 12.1%. The company’s average purchase price across its Bitcoin holdings is about $89,941 per coin. Its total investment amounts to around $436.6m. Despite Bitcoin’s volatility, Metaplanet says it is focused on long-term accretive growth for shareholders rather than short-term gains. The post Metaplanet Snaps Up 330 More Bitcoin for $28.2M appeared first on Cryptonews .

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