Japanese listed company Metaplanet increases its holdings of 619.7 bitcoins, bringing its total holdings to 1761.98 bitcoins

Japanese company Metaplanet, listed on the Tokyo Stock Exchange, announced on Monday that it has increased its holdings of 619.7 bitcoins (BTC), spending a total of 9.5 billion yen (approximately $60.68 million), with a buying average of 15330073 yen.

Prior to this purchase, Metaplanet announced last Friday that it will issue 5 billion yen in regular bonds to accelerate Bitcoin purchases.

According to the announcement, Metaplanet The total holdings of Bitcoin have reached 1761.98 (approximately $168 million), with a total cost of 20.872 billion yen and a buying average of 11846002 yen. During the period of October 1st to December 23rd, 2024, the Metaplanet Bitcoin yield was 309.82%.

Metaplanet In April of this year, a strategic shift was made to its financial management strategy, adopting Bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting fluctuations in the Japanese yen. On December 18th, the company announced that it expects to achieve its first consolidated operating profit since 2017 and expressed its hope to not only include buying Bitcoin as part of its financial strategy.

At the same time as Metaplanet released its latest increase announcement, the price of Bitcoin rebounded above $95000, with a trading price of $95900 before the deadline.