Metaplanet (JP:3350), a Tokyo-based Bitcoin Treasury company, has once again plunged into the Bitcoin fray, snapping up 497 more of the digital gold. This latest treasure hunt saw their stocks skyrocket by a whopping 20% on the Tokyo Stock Exchange today. “Our portfolio is booming, with yields soaring to 45% year-to-date,” declared CEO Simon Gerovich in a March 5 post on X.
Metaplanet’s Cryptocurrency Arsenal Grows
The fresh Bitcoin bounty, acquired at approximately $43.9 million, bolstered Metaplanet’s cryptocurrency arsenal to an impressive 2,888 BTC. It is now valued at about $251 million. Amidst a general crypto cool-off, Bitcoin tumbled 8.5% in two weeks. Despite this, Metaplanet’s recent Bitcoin purchase has painted a bullish stroke on their financial canvas. This move lifted their share price to ¥4,045.00 Japanese yen ($26.60) by the afternoon glow of the trading day.
Metaplanet Aims to Waltz across Global Trading Floors
With ambitions larger than their home island, Metaplanet is flirting with international fame. Gerovich’s recent schmoozing at the New York Stock Exchange and Nasdaq teases a future where Metaplanet shares might waltz across global trading floors. “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich mused on X.
It seems like Metaplanet is ascending to become Asia’s Bitcoin kingpin, now the 12th largest corporate holder of Bitcoin worldwide.