Japanese hotel company Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at an average price of $83,123 per bitcoin, achieving a year-to-date bitcoin yield of 53.2%.
The BTC yield represents the percentage change in the ratio of bitcoin holdings to fully diluted shares outstanding over a given period. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7 million, with an average acquisition price of $83,180 per bitcoin.
Additionally, the company has issued 2 billion JPY ($13.5 million) in zero interest ordinary bonds to fund further bitcoin acquisitions. At the time of writing, Metaplanet shares were trading at 3,630 yen, down almost 50% from it’s all-time high in February.
Bitcoin (BTC) traded weaker Wednesday after the U.S. Senate failed to advance the CLARITY Act,…
Cardano (ADA) founder Charles Hoskinson has urged the crypto industry to move past the stalled…
XRP traders appear to be increasingly positioning for a sharper upside move, with Coinbase Markets…
Russian authorities have reported surging crypto transactions and active users, with figures expected to follow…
Cryptocurrency exchange Coinbase is accelerating preparations for the post-quantum era of Bitcoin (BTC) safety amid…
Many financial experts recognize Ethereum as an industry standard for business adoption of blockchain technology.…