The Japanese company Metaplanet announced the acquisition of 518 bitcoins ($BTC ) for $61.4 million, strengthening its position among the largest corporate holders of cryptocurrency. The average purchase price was $118,519 per coin, increasing the company's total supply to 18,113 BTC. The total value of accumulated assets reached $1.85 billion at an average price of $101,911 per coin. This move is part of the '555 Million Plan' aimed at accumulating 210,000 BTC by 2027.
CEO Simon Gerovitz emphasized that the purchase reflects the company's confidence in the long-term potential of bitcoin as a hedge against inflation and the weakening yen. Metaplanet is using innovative financial instruments such as zero-coupon bonds and preferred shares to finance its purchases. Over the year, the company has demonstrated an impressive BTC yield of 468.1%, highlighting the effectiveness of its strategy.
Despite the recent drop in the price of bitcoin by 2.4% to $118,883, Metaplanet's shares fell by 1.6%, reflecting market volatility. The company continues to follow the example of MicroStrategy, ranking sixth in the world in terms of bitcoin holdings among corporations. This acquisition signals a growing institutional interest in cryptocurrencies.
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