The Japanese investment firm Metaplanet has made an important investment to increase its Bitcoin portfolio.
According to the last of the company revelationIt bought an extra 2,205 bitcoin (BTC) for around $ 237.9 million (34.49 billion yen). The tokens were obtained at an average cost of 15.64 million yen per bitcoin, around $ 107,800, which now brought its total possession to 15,555 BTC.
The last purchase marks the biggest purchase of the company since starting its Bitcoin accumulation strategy, funded by a mix of bond issues and exercises for stock order.
Only a few days prior to this acquisition, Metaplanet released 6 billion yen in bonds at the end of June, with the help of the yields of newly exercised warrants. The company has consistently followed this approach, cited the capital and converted it directly into Bitcoin to expand its treasury holdings.
Until now, the company established in Tokyo has now spent a total of 225.8 billion yen, around $ 1.6 billion, to Bitcoin since the start of his treasury strategy, with an average cost basis of 14.5 million yen per BTC. This continues to build Momentum in the direction of its greater goal to reach 30,000 BTC by the end of the year, 100,000 BTC by 2026 and 210,000 BTC by 2027.
Metaplanet was recently introduced in the top five of companies of companies, where companies such as Tesla and Coinbase caught up. With its latest purchases, however, it now comes in fourth place.
The company is less than 4,000 BTC behind mining and digital infrastructure company Riot platforms, which owns 19,225 BTC, according to Bitcointreasuries facts. If the company keeps its current pace, it could quickly overtake to claim the number four position.
Metaplanet also reported a BTC yield of 129.4% for Q2, with an additional 15.1% in the first week of July. It won 5,237 BTC in Q2, with a value of around 82.5 billion yen (around $ 513 million), and another 2,017 BTC early July, worth around 31.8 billion yen (around $ 198 million).
If the company reached its long -term objective of 210,000 BTC by 2027, it would arrange approximately 1% of the total range of Bitcoin.
