Source: CryptoNewsNet
Original Title: Metaplanet buys 4,279 bitcoin, lifts total holdings to 35,102 BTC
Original Link:
Metaplanet (3350), a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought another 4,279 BTC in the fourth quarter, spending a total of $451 million.
The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly traded company. It has a target of owning 210,000 BTC by the end of 2027.
Metaplanet has now spent some $3.78 billion, at an average purchase price of $107,607, according to the company’s dashboard. The company’s shares rose 8% this year, to close at 405 yen ($2.60). Still, they’re down 80% from the all-time high they touched in June.
The company has also built a bitcoin income generation business that uses derivatives to produce recurring revenue while supporting long-term bitcoin holdings. The company said it expects the unit to generate around $55 million in revenue for the full fiscal year.
The firm’s multiple to net asset value (mNAV), a metric that measures a company’s enterprise value relative to its bitcoin net asset value, calculated as market capitalization plus total debt divided by bitcoin NAV hovers just above 1.
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Metaplanet Buys 4,279 Bitcoin, Lifts Total Holdings to 35,102 BTC
Source: CryptoNewsNet Original Title: Metaplanet buys 4,279 bitcoin, lifts total holdings to 35,102 BTC Original Link: Metaplanet (3350), a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought another 4,279 BTC in the fourth quarter, spending a total of $451 million.
The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly traded company. It has a target of owning 210,000 BTC by the end of 2027.
Metaplanet has now spent some $3.78 billion, at an average purchase price of $107,607, according to the company’s dashboard. The company’s shares rose 8% this year, to close at 405 yen ($2.60). Still, they’re down 80% from the all-time high they touched in June.
The company has also built a bitcoin income generation business that uses derivatives to produce recurring revenue while supporting long-term bitcoin holdings. The company said it expects the unit to generate around $55 million in revenue for the full fiscal year.
The firm’s multiple to net asset value (mNAV), a metric that measures a company’s enterprise value relative to its bitcoin net asset value, calculated as market capitalization plus total debt divided by bitcoin NAV hovers just above 1.