Metaplanet Increases Bitcoin Reserves, Scoops Up 156 BTC on Dip

Metaplanet has increased its Bitcoin holdings to 2,391 BTC, with an average acquisition cost of $82,100 per coin.

The company (3350) recently purchased an additional 156 BTC for $13.4 million at an average price of $85,590 per bitcoin. This move has contributed to a 31.8% BTC yield year-to-date. As of March 3, Metaplanet’s total Bitcoin assets are valued at approximately $196.3 million.

In a significant development, CEO Simon Gerovich announced that Metaplanet has received formal invitations from both the New York Stock Exchange (NYSE) and Nasdaq to explore new opportunities.

“We are considering the best path forward to make Metaplanet shares more accessible to global investors,” Gerovich stated in an X post.

Metaplanet’s Bitcoin investment strategy has generated an unrealized profit of around $21.3 million, while its stock price surged 20% on Monday, trading at 4,010 yen.

Following Bitdeer Technologies, Metaplanet becomes the second publicly listed firm to announce additional Bitcoin acquisitions amid the recent market downturn.