Japanese investment firm Metaplanet has purchased another $ 44 million of bitcoin, which has seen its stock jump up to 19% in the day so far.
Metaplanet CEO Simon Gerovich said on March 5 in March Post The firm bought 497 bitcoins (BTC) in $ 88,448 per coin for a total expenditure of $ 43.9 million. He said that the company has achieved a yield of 45%year after year.
Company’s 5 March exposure Said that its latest purchase brings its total bitcoin holdings for 2,888 BTC at an average purchase price of $ 84,240 per coin. The Stash costs around $ 251 million, with bitcoin trading around $ 87,150.
Bitcoin has fallen by about 8.5% in the last 14 days and hit less than $ 79,000 at a three -month low on February 28 amid concerns of an exciting trade war from US President Donald Trump’s employed tariff.
The price of Metaplanet’s stock at the Tokyo Stock Exchange was 19% local time till 2 pm on March 5 and 3,985 was trading around Japanese Yen ($ 26.60), According For Google Finance.
Metaplanet Stock 5 March. Source: Google Finance
Its stock took a hit as a bitcoin tank in the last trading week, but one of the best artists in the last 12 months, growing more than 1,700%.
The latest purchase of Metaplanet is its second purchase this week, scooping up to 156 BTC on 3 March. Gerovich at the time said that the firm was searching for a possible listing outside Japan, such as in the US.
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Metaplanet has acquired 794.5 BTC so far this year and in Q1 2025 has given a profit of about $ 66 million on those purchases. It aims to accumulate 21,000 BTCs by 2026 as part of its comprehensive strategy to lead Japan’s bitcoin renaissance.
These latest acquisitions have inspired Metaplanet globally to become the 12th largest corporate bitcoin holder and has crossed the largest, Hong Kong gaming firm Boya International in Asia, According To Bitbo.
Source: Simon Gerovich
Gerovich met with the New York Stock Exchange and Nasdaq officials in late February to introduce the firm’s “platforms and functions”. He said on X on 3 March, “We are considering the best ways to make Metaplanet’s shares more accessible to investors around the world.”
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