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Japanese Giant on the Way to Becoming MicroStrategy: Purchased Bitcoin as Prices Rise! - Coin Bulletin
Investment giant Metaplanet continues to progress on its path to becoming Japan's MicroStrategy by adding another purchase as part of its Bitcoin (BTC) strategy.
Japan-based Metaplanet acquired an additional 330 BTC after the Bitcoin price surpassed the $87,300 level, bringing their total to 4,855 BTC and the value of their assets exceeded $420 million.
Metaplanet stands out as one of Japan's leading cryptocurrency investors. With this acquisition, the company continues its Bitcoin-focused strategy, maintaining its investments despite the uncertainties in the global markets. Earlier this month, Metaplanet was the 10th largest publicly traded holder of Bitcoin, and with this latest acquisition, it has increased its total Bitcoin holdings to 4,855 BTC.
Metaplanet uses a metric called BTC Yield to measure the performance of Bitcoin investments. This metric shows the growth per share of the Bitcoin owned by the company. The company's annual target for this metric is around 100%. Additionally, Metaplanet's BTC Yield rate in the last quarter was 12.1%, while this rate became 95%.
Metaplanet, maintaining its commitment to crypto asset investments, is diversifying not only Bitcoin but also its digital asset portfolio. With this strategy, the company aims to establish a financial structure resilient to market fluctuations. Metaplanet's shares on the Tokyo Stock Exchange gained 0.9% in value with these acquisitions.