Metaplanet, a Japanese Bitcoin treasury firm, has purchased an extra 150 Bitcoin (BTC), bringing it one step nearer to its plan of buying 21,000 BTC by 2026. The March 18 buy value an combination 1.88 billion yen ($12.6 million) or $83,671 per Bitcoin.
The acquisition brings Metaplanet’s whole holdings to three,200 BTC value $261.8 million right now of writing. Regardless of this newest purchase, Metaplanet’s inventory value has fallen 0.5% on the day. On March 5, the corporate’s inventory value jumped 19% after it announced its latest Bitcoin buy of 497 cash.
Metaplanet inventory value change on March 18. Supply: Google Finance
So far, Metaplanet has issued slightly over 44 million frequent shares of firm inventory to fund its Bitcoin purchases. Using shares to lift cash to purchase Bitcoin has given the corporate the nickname “Asia’s MicroStrategy,” because the components follows comparable actions from Michael Saylor’s Technique (previously MicroStrategy).
Metaplanet’s BTC yield, a key efficiency indicator that exhibits the share change of whole BTC holdings in comparison with absolutely diluted shares excellent, is 60.8% for the continued quarter from Jan. 1, 2025, to March 18, 2025. That could be a smaller change than the earlier quarter, which noticed a yield of 310%.
Associated: Japan’s Metaplanet buys more Bitcoin, explores potential US listing
Metaplanet’s March 18 Bitcoin buy makes it the Eleventh-largest company holder of Bitcoin and the biggest in Asia, according to information from Bitgo.
Metaplanet’s 21,000 BTC plan sparks investor curiosity
After Metaplanet introduced its plan to develop into a Bitcoin treasury firm, its inventory value rose 4,800% as of Feb. 10. Though its inventory value has fallen 34% to 4,030 yen ($26.9) since Feb. 19, it's nonetheless effectively above the 150 yen ($1) that it registered on March 19, 2024.
In keeping with an organization presentation, Metaplanet’s shareholder base grew 500% in 2024, with 50,000 folks or entities investing within the firm. Its market capitalization has elevated 9,652% in a single yr, according to information from Inventory Evaluation.
Associated: Japan asks Apple, Google to remove unregistered crypto exchange apps
Metaplanet’s rise comes as Japan has proven a softening stance towards digital property. On March 6, the nation’s ruling celebration moved to reduce crypto capital gains taxes by 20%. In November 2024, the federal government handed a stimulus package deal, committing to crypto tax reform.
Japanese lawmaker Satoshi Hamada has asked the government to consider creating a strategic Bitcoin reserve and convert a part of its overseas alternate reserve into BTC.
Nonetheless, Japanese Prime Minister Shigeru Ishiba later responded, saying the Japanese authorities didn’t know enough about other countries’ plans, which made it troublesome for the federal government to precise its views on the topic.
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