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By James Van Straten|Edited by Parikshit Mishra
Mar 3, 2025, 9:40 a.m. UTC
What to know:
- Metaplanet purchased a further 156 BTC for $13.4 million at an average price of $82,100 per bitcoin.
- Metaplanet now holds 2,391 BTC, achieving a BTC yield of 31.8%.
- Metaplanet shares were up 20% in Monday’s market, shares trading at 4,010 yen.
Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin.
Also, according to Simon Gerovich, CEO of Metaplanet, the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to introduce their platforms and functions.
STORY CONTINUES BELOW
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich said in an X post.
Metaplanet is up approximately $21.3 million on its bitcoin strategy, while its shares are up 20% in Monday’s market, with shares at 4,010 yen.
Metaplanet became the second publicly traded company to announce they bought the bitcoin dip after Bitdeer Technologies said they purchased more.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
