Metaplanet Seizes Opportunity, Adds 156 BTC to Portfolio

Metaplanet has expanded its Bitcoin holdings to 2,391 BTC, with an average purchase price of $82,100 per coin.

The company (3350) recently invested $13.4 million to acquire an additional 156 BTC at an average price of $85,590 per bitcoin. This latest addition has brought Metaplanet’s year-to-date BTC yield to 31.8%. As of March 3, its total Bitcoin holdings are valued at approximately $196.3 million.

Metaplanet CEO Simon Gerovich also revealed that the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq to explore potential opportunities for listing and expanding its reach.

“We are evaluating the best strategy to enhance global access to Metaplanet shares,” Gerovich stated in an X post.

Metaplanet’s Bitcoin investment strategy has resulted in an unrealized gain of approximately $21.3 million, while its stock surged 20% on Monday, reaching 4,010 yen.

Following Bitdeer Technologies, Metaplanet is now the second publicly traded company to announce additional Bitcoin purchases amid the recent market downturn.

  • Related Posts

    Polymarket faces a $520K exploit concern on Polygon flagged by ZachXBT, but developers say assets are safe.

    Blockchain investigator ZachXBT has flagged a suspected security incident involving Polymarket, the world’s largest decentralized prediction market, after on-chain data indicated that more than $520,000 was drained from smart contracts…

    Continue reading
    Near Protocol’s move to self-automate growth is powering a rapid spike in its token value.

    NEAR Protocol is set to deploy dynamic resharding in June, an upgrade that will allow the blockchain to automatically scale by adding new shards as demand increases, removing the need…

    Continue reading