Metaplanet, aka Japan’s MicroStrategy, announced today that it purchased an additional 797 BTC for $93.6 million. With this purchase, the company has increased its total Bitcoin holdings to 16,352 BTC after the latest purchase. Its stock price also climbed higher towards reclaiming 1600 yen.
Metaplanet acquired 797 BTC at nearly $117,451 per Bitcoin, according to its official announcement. Simon Gerovich, CEO of Metaplanet, took to X to reach out to the wider crypto community and its shareholders. He said the company has achieved a remarkable BTC yield of 435.9% year-to-date after the accelerated Bitcoin strategy.
The company, which over time has transformed itself from a struggling hospitality firm into the largest publicly traded Bitcoin holder in Asia, now ranks 5th globally with this move. It now holds 16,352 BTC, which was acquired for $1.64 billion at an average price of $100,191 per Bitcoin. The firm’s unrealized profit has jumped to nearly $323.91 million with the latest purchase, as the BTC price hits $120,000 today.
On July 7, Metaplanet acquired 2,205 BTC for $238.7 million at an average price of $108,237 per Bitcoin. Gerovich said the company plans to buy as much Bitcoin as possible. Notably, it has set a target of buying at least 30,000 BTC by the end of this year.
Meanwhile, the company’s stock price climbed by more than 1% to 1,581 yen at the time of writing. The 24-hour low and high were 1,536 and 1,593 yen, respectively. As per Yahoo Finance, the stock price has rallied over 2.45% in a week and 357% YTD.