Metaplanet Nears 500% YTD Gains with 20,136 BTC Worth Over $2 Billion
Metaplanet is now up 500% YTD on its Bitcoin strategy and is one of the boldest corporate adopters of the cryptocurrency...
Quick overview
- Metaplanet has achieved a 500% year-to-date return on its Bitcoin strategy, now holding a total of 20,136 BTC valued at approximately $2.06 billion.
- The company recently purchased 136 BTC for $15.2 million, following a previous acquisition of 1,009 BTC for $112 million.
- To facilitate further growth, shareholders approved the issuance of up to 550 million new shares overseas, valued at $884 million.
- As Bitcoin rebounds above $111,000, corporate treasuries like Metaplanet are increasingly accumulating Bitcoin, reinforcing its status as a reserve asset.
Metaplanet is now up 500% YTD on its Bitcoin strategy and is one of the boldest corporate adopters of the cryptocurrency. The company announced today it bought 136 BTC for $15.2M, bringing its total to 20,136 BTC or $2.06B.
The latest purchase was at an average price of $111,000 per BTC, showing the company is accumulating strategically despite market volatility. This follows last week’s purchase of 1,009 BTC for $112M which took its total to over 20,000 BTC.
To support further growth shareholders have approved the issuance of up to 550M new shares overseas valued at $884M. CEO Simon Gerovich said this is a step towards strengthening governance and aligning with Metaplanet’s long term Bitcoin roadmap.
Key Points:
- Total BTC: 20,136 BTC (~$2.06B)
- Latest purchase: 136 BTC for $15.2M
- New share issue: 550M shares worth $884M
Bitcoin Price Rebounds Above $111K
Metaplanet’s announcement comes as Bitcoin itself is bouncing back. The price is at $111,000, up 1% in the last 24 hours and 7% in the week. Volumes are up 23% showing increased investor participation.
Bitcoin is showing it can hold above psychological levels even as global macro uncertainty persists. Corporate treasury accumulation has been a big part of recent demand, showing Bitcoin is becoming a reserve asset.
Corporate Treasuries Boost BTC Demand
Besides Metaplanet, other companies are joining the trend. MARA Holdings reported $5.9B in Bitcoin holdings making it one of the largest corporate holders after Michael Saylor’s company, Strategy. MARA also mined 705 BTC in August, 22.7 BTC per day.
Strategy disclosed a new purchase of 4,048 BTC for $449.3M at an average price of $110,981. This takes its YTD Bitcoin return to 25.7%. Saylor also hinted at another purchase in a recent post on X, showing institutional demand is still strong.
Metaplanet’s 500% YTD and continuous buying is how corporate treasuries are changing the Bitcoin game. By accumulating more and more they are not only supporting price but also making Bitcoin a treasury and reserve asset.
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