Metaplanet Expands Bitcoin Holdings With $13.5M Investment, Issues Zero-Interest Bonds
Japanese hotel operator Metaplanet (3350) has reinforced its Bitcoin (BTC) strategy, acquiring 162 BTC for $13.5 million at an average price of $83,123 per coin. This latest purchase has pushed the company’s year-to-date BTC yield to 53.2%.
The BTC yield reflects the percentage change in Bitcoin holdings relative to fully diluted shares over time. As of March 12, Metaplanet holds 3,050 BTC, valued at approximately $253.7 million, with an average acquisition price of $83,180 per coin.
To finance additional Bitcoin acquisitions, Metaplanet has issued 2 billion JPY ($13.5 million) in zero-interest ordinary bonds. Despite its aggressive Bitcoin accumulation strategy, the company’s stock price has pulled back nearly 50% from its February high, currently trading at 3,630 yen.
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