Metaplanet acquires 620 Bitcoin in its largest purchase yet

Japanese investment firm Metaplanet has made the largest bitcoin purchase to date, acquiring $60 million in the king of cryptocurrencies.

This is the company's largest acquisition since it began investing in cryptocurrencies in May 2024.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”7.7830188679245″>

BREAKING

THE JAPANESE COMPANY METAPLANET HAS
PURCHASED 619.7 <a target="_blank" href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc FOR 9.5 BILLION
YEN ($60.7 MILLION).

THIS IS YOUR BIGGEST PURCHASE SO FAR. pic.twitter.com/kXXDHGtred

– Ash crypto (@Ashcryptoreal) <a target="_blank" href="https://twitter.com/Ashcryptoreal/status/1871085782993146366?ref_src=twsrc%5Etfw”>December 23, 2024

The largest 620 bitcoin purchase ever made by Metaplanet

Japanese investment firm Metaplanet acquired nearly 620 Bitcoins, which is its largest bitcoin purchase to date as the cryptocurrency continues to trade below $100,000.

On December 23, Metaplanet <a target="_blank" href="https://x.com/Metaplanet_JP/status/1871029010827968635″>announced the purchase of 619.7 bitcoin, valued at just under $60 million. At the time, bitcoin was trading at around $96,000.

This was the largest bitcoin purchase made by the company since it began purchasing bitcoin in May. Compared to Metaplanet's previous record purchase of 159.7 btc on October 28, the latest purchase almost quadrupled the value of the last record. Bitbo data shows.

The Tokyo-based company has been described as the “MicroStrategy of Asia”, after an American development company that owns significant bitcoin assets. Following the December purchase, Metaplanet owns 1,762 btc, valued at approximately $168 million, making it the 12th largest bitcoin stack among public companies.

Metaplanets btc Yield Shows Strong Growth

Metaplanet announced that its bitcoin performance reached 310% from October 1 to December 23, making it significantly higher than the 41.7% performance from July to September.

btc yield performance is a key metric used to evaluate Metaplanet's acquisition strategy and its effectiveness in attracting shareholders.

On December 18, Metaplanet predicted that they would make their first profits since 2017, emphasizing their intention to purchase other cryptocurrencies as part of their portfolio strategy.

The Tokyo-based company announced that it will establish “bitcoin Accumulation and Management” as its formal business line. This would include different financial instruments, including stocks, loans and bonds.

Metaplanet also confirmed its intention to raise more than $62 million (9.5 billion Japanese yen) through a share purchase program to acquire additional bitcoin for its treasury.

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