Japanese Metaplanet announces the purchase of another 1,088 Bit, with a total holding of 8,888 BTC. As Japan's largest BTC Treasury company, Metaplanet has recently shown impressive stock performance, ranking first in volatility and being heavily shorted. Metaplanet, which is listed in both Japan and the United States, has also become a new target for arbitrageurs.
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ToggleMetaplanet Buys Another 1,088 BTC, Holding a Total of 8,888 BTC
Japanese Metaplanet announces the purchase of another 1,088 BTC, with an average purchase price of 15,519,019 yen per BTC, totaling 16.885 billion yen. Currently, the company holds a total of 8,888 BTC, with a cumulative purchase cost of 122.269 billion yen, and an average purchase price of 13,756,658 yen per BTC. Calculated at the current USD/JPY exchange rate of 143.5, the average cost is $95,1865 per BTC.
Do the Japanese also believe that 8888 will bring good fortune?
Additionally, the announcement mentions BTC Yield as a key performance indicator (KPI) to measure changes in BTC holdings relative to fully diluted shares. Recent BTC Yield data is as follows:
January 1 to March 31, 2025: 95.6%
April 1 to June 2, 2025: 66.3%
Metaplanet mentioned in its previous financial report that the company aims to purchase 10,000 BTC by the end of this year and 21,000 BTC by 2026.
Japan's Largest BTC Treasury Company, Stock Price Frequently Hitting New Highs
Metaplanet is the listed company in Asia with the most BTC, and it is actively expanding its BTC holdings through the capital market. This strategy has garnered high attention in the Japanese market and has been included in multiple global and local ETFs.
Its number of shareholders has grown 500% within a year, now reaching 64,000 shareholders. Benefiting from Japan's tax system and the convenience for retail and institutional investors, its NAV Premium (current stock price relative to its BTC value) has remained high. Its stock price has also increased 18.4 times within a year.
Metaplanet has recently shown impressive stock performance, reaching a high of 1,230 yen in late May. Besides ranking first in volatility and being heavily shorted, Metaplanet, which is listed in both Japan and the United States, has become a new target for arbitrageurs. It offers a new option for arbitrage, similar to Microstrategy, where one can arbitrage BTC and stock prices, and additionally utilize its multiple listings for stock arbitrage.
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