6 hours ago
Metaplanet (3350) said it bought 780 much bitcoin (BTC), bringing its full holdings to 17,132 BTC valued astir $2 cardinal astatine existent prices.
The Tokyo-based institution paid an mean 17.5 cardinal yen ($118,176) per coin, according to a Monday disclosure.
Metaplanet uses a metric, called BTC Yield, to way shareholder worth successful narration to dilution. The BTC Yield for July 1-July 28 is 22.5%, Metaplanet said.
For the quarter-ended June 30, BTC Yield was 129.4%, up from 95.6% successful the preceding 3 months.
Since adopting a bitcoin treasury strategy based connected that of Strategy's (MSTR), Metaplanet has acquired 17,132 BTC, the largest holding among public companies extracurricular the U.S, astatine an mean terms of $99,732 per coin.
Metaplanet shares rose 5% to adjacent astatine 1,240 yen connected Monday, outperforming the Nikkei 225 index, which fell 1.1%.
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