Metaplanet buys the dip with 150-BTC purchase
18 Março 2025 - 1:29PM
Cointelegraph


Metaplanet, a Japanese Bitcoin treasury company, has
purchased an
additional 150 Bitcoin (BTC), bringing it one step closer to its plan of
acquiring 21,000 BTC by 2026. The March 18 purchase cost an
aggregate 1.88 billion yen ($12.6 million) or $83,671 per
Bitcoin.
The purchase brings Metaplanet’s total holdings to 3,200 BTC
worth $261.8 million at this time of writing. Despite this latest
buy, Metaplanet’s stock price has fallen 0.5% on the day. On March
5, the company’s stock price
jumped 19% after it announced its latest Bitcoin buy of 497
coins.
Metaplanet stock price change on March 18. Source:
Google
Finance
To date, Metaplanet has issued a little over 44 million common
shares of company stock to fund its Bitcoin purchases. The use of
stocks to raise money to buy Bitcoin has given the company the
nickname “Asia’s MicroStrategy,” as the formula follows similar
actions from Michael Saylor’s Strategy (formerly
MicroStrategy).
Metaplanet’s BTC yield, a key performance indicator that shows
the percentage change of total BTC holdings compared to fully
diluted shares outstanding, is 60.8% for the ongoing quarter from
Jan. 1, 2025, to March 18, 2025. That is a smaller change than the
previous quarter, which saw a yield of 310%.
Related:
Japan’s Metaplanet buys more Bitcoin, explores
potential US listing
Metaplanet’s March 18 Bitcoin purchase makes it the 11th-largest
corporate holder of Bitcoin and the largest in Asia,
according to data from
Bitgo.
Metaplanet’s 21,000 BTC plan sparks investor interest
After Metaplanet announced its plan to become a Bitcoin treasury
company, its stock price
rose 4,800% as of Feb. 10. Although its stock price has
fallen 34% to
4,030 yen ($26.9) since Feb. 19, it is still well above the 150 yen
($1) that it registered on March 19, 2024.
According to a company presentation, Metaplanet’s shareholder
base grew 500% in 2024, with 50,000 people or entities investing in
the company. Its market capitalization has increased 9,652% in one
year, according
to data from Stock Analysis.
Related:
Japan asks Apple, Google to remove unregistered crypto
exchange apps
Metaplanet’s rise comes as Japan has shown a softening stance
toward digital assets. On March 6, the country’s ruling party moved
to
reduce crypto capital gains taxes by 20%. In November 2024, the
government passed a stimulus package,
committing to crypto tax reform.
Japanese lawmaker Satoshi Hamada has
asked the government to consider creating a strategic Bitcoin
reserve and convert part of its foreign exchange reserve into
BTC.
However, Japanese Prime Minister Shigeru Ishiba later responded,
saying the Japanese government
didn’t know enough about other countries’ plans, which made it
difficult for the government to express its views on the
subject.
Magazine:
X Hall of Flame, Benjamin Cowen: Bitcoin dominance will
fall in 2025
...
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150-BTC purchase
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Metaplanet buys the dip with 150-BTC purchase
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