BTC Piyasası

Metaplanet Expands Bitcoin Holdings, Solidifying Its Position in Asia’s Crypto Market

Metaplanet, an investment firm based in Japan, is making waves in the cryptocurrency landscape by ramping up its investments in Bitcoin (BTC). The company has announced on October 28 that it has acquired an additional 156.78 BTC, valued at approximately $10.4 million. This latest purchase elevates Metaplanet’s total Bitcoin holdings to an impressive 1,018.17 BTC, marking its status as one of the largest institutional Bitcoin holders in Asia. At current market prices, the total value of the company’s Bitcoin assets has surged to around $68.8 million.

Bitcoin as a Strategic Treasury Reserve Asset

In a significant move, Metaplanet declared in May its designation of Bitcoin as a strategic treasury reserve asset. This decision reflects the company’s long-term outlook on Bitcoin as a cornerstone of its investment strategy. Initially, Bitcoin acquisitions were conducted in measured quantities; however, since late September, the pace of purchasing has noticeably intensified. Notably, during the period from September 30 to October 28, the firm acquired a staggering total of 619.338 BTC, thereby significantly enhancing its overall cryptocurrency portfolio to 1,018.17 BTC.

Funding for these substantial Bitcoin purchases has primarily been sourced from capital market activities and operational revenues. This strategy underscores Metaplanet’s intention to bolster its earnings through cryptocurrency investments. Furthermore, the company recently announced a capital increase of approximately 10 billion yen (around $66 million) via a share purchase rights plan, which resulted in 13,774 new shareholders joining the company.

Introducing the BTC Return Metric

With its growing Bitcoin investments, Metaplanet has introduced a novel performance metric referred to as “BTC Return.” This metric quantifies the percentage changes between the company’s Bitcoin assets and the publicly traded shares. The primary goal of this initiative is to provide a clearer analysis of how Bitcoin investments impact the company’s stock value, offering investors a more transparent view of the contributions made by Bitcoin purchases to overall corporate worth. For instance, the BTC return for Metaplanet witnessed a remarkable increase of 155.8 percent between October 1 and October 28, showcasing the potential of Bitcoin investments in driving value.

Metaplanet’s ascent as Asia’s largest institutional Bitcoin investor has positively influenced its share prices, which surged by 7 percent following the latest announcements, reaching 1,150 yen. According to data from Google Finance, Metaplanet’s shares have skyrocketed by an astounding 610 percent since the beginning of the year. This impressive performance has allowed Metaplanet to outpace other institutional investors, including Hong Kong-based Meitu Inc., which holds 940.9 BTC, thus securing its position as a leader in the region. Notably, based on Bitcoin Treasuries data, Metaplanet ranks 19th among the top 20 global companies holding the most Bitcoin.

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