Metaplanet adds 124 BTC in Bitcoin holdings, bringing total to 1,142 BTC. Strategic move boosts BTC Yield by 186.9%.
Metaplanet announced it has acquired an additional 124.117 Bitcoin as part of its ongoing strategy to increase shareholder value. The company purchased the Bitcoin at an average price of 14,099,600 yen per Bitcoin, totaling 1.75 billion yen (roughly $11.33 million). By this latest purchase, Metaplanet now has 1,142.287 BTC, purchased at an average price of 9,955,874 yen per BTC. This brings the company’s overall investment in Bitcoin to 11.372 billion yen.
The acquisition comes shortly after Metaplanet announced on November 18 it would launch ¥1.75 billion ($11.31 million) one-year bonds. These bonds which attracted an interest rate of 0.36%, were issued to finance further purchases of Bitcoins. The decision, according to the company, is aimed at further affirming its belief in the digital currency as part of its adoption plan for the future.
Metaplanet’s Bitcoin Acquisition Plan Drives 186.9% Rise in BTC Yield
Metaplanet has been employing a certain Bitcoin strategy that has been evaluated using a KPI called the BTC Yield. BTC Yield is defined as the percent change in the value Total Bitcoin Holdings divided by the value of Fully Diluted Shares Outstanding across a given time period. The company applies this KPI to measure the performance of the acquisition plan and its implications to investors.
Taking performance into consideration, Metaplanet obtained a BTC Yield of 41.7% from July 1, 2024 to September 30, 2024. It increased from 1st October 2024 to 19th November 2024 reaching 186.9% of the initial figure. The rise in BTC Yield shows that the company’s Bitcoin acquisition plan is showing improvements with significant improvement in Bitcoin assets owned in relation to the number of shares.
Acquisition of Bitcoins by Metaplanet is a strategic plan that has the overall goal of enhancing the shareholders’ wealth. The justification of using more Bitcoin is that there is likely to be an increase in the price of the cryptocurrency.
Moreover, it enhances the Metaplanet’s BTC Yield which is a sign that the company is achieving its objectives. Therefore, it is expected that investors and analysts will pay attention to the future events. Overall, this strategy can further extend the company’s growth and build up its identification point in the market.