#MetaplanetBTCPurchase

Metaplanet, a Japanese Bitcoin treasury company, recently purchased 150 Bitcoin (BTC) worth approximately $12.6 million, bringing its total holdings to 3,200 BTC valued at around $261.8 million. This acquisition is part of Metaplanet's plan to acquire 21,000 BTC by 2026.

*Key Details:*

- *Purchase Price:* $83,671 per Bitcoin

- *Total Holdings:* 3,200 BTC worth $261.8 million

- *Target:* 21,000 BTC by 2026

- *Stock Price Movement:* Metaplanet's stock price rose 19% after announcing its latest Bitcoin buy of 497 coins on March 5, but fell 0.5% on the day of the March 18 purchase

- *Investor Interest:* Metaplanet's plan to become a Bitcoin treasury company has attracted significant investor interest, with its shareholder base growing 500% in 2024 and market capitalization increasing 9,652% in one year

Metaplanet's strategy involves issuing common shares to fund its BTC purchases, earning it the nickname "Asia's MicroStrategy." The company's BTC yield for the ongoing quarter is 60.8%.