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Metaplanet KK ( (JP:3350) ) has issued an announcement.
Metaplanet Inc. has announced the acquisition of an additional 518 Bitcoin, valued at approximately 9.086 billion yen, as part of its ongoing Bitcoin Treasury Operations. This purchase increases the company’s total Bitcoin holdings to 18,113 Bitcoin, with an average purchase price of 14,926,496 yen per Bitcoin. The company’s strategy aims to improve shareholder value through metrics like BTC Yield, which reflects the performance of Bitcoin acquisitions in relation to share dilution. Recent BTC Yield figures indicate significant growth, suggesting a positive impact on the company’s financial health and market positioning.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc. operates in the financial sector, focusing on cryptocurrency investments, particularly Bitcoin. The company engages in Bitcoin Treasury Operations, acquiring and managing Bitcoin holdings to enhance shareholder value.
Average Trading Volume: 46,236,907
Technical Sentiment Signal: Buy
Current Market Cap: Yen694.3B
For a thorough assessment of 3350 stock, go to TipRanks’ Stock Analysis page.