Japan-based investment company Metaplanet has spent about $600 million to acquire 5,268 BTC. The company announced its latest acquisition on Wednesday through an official blog post.Â
The firm made the purchase at an average price of $116,000. Metaplanet’s total Bitcoin holdings are worth $3.6 billion, while the company acquired the tokens at an average price of $108,000 per BTC.
Thanks to this bullish market activity, Metaplanet is now the fourth-largest corporate holder of Bitcoin. By that, the firm’s total Bitcoin holding now stands at 30,823 BTC. As revealed, the firm overtook Bitcoin Standard Treasury Company.
According to BitcoinTreasuries.NET, Metaplanet’s Bitcoin strategic reserve has made an unrealized profit of more than 7.5%. Furthermore, a recent filing by the company indicated that its BTC Yield skyrocketed by 309% around late 2024 before enduring a correction to 33%.
Meanwhile, the Bitcoin Yield indicates the fact-paced speed of the company’s BTC accumulation program outran its share dilution. During that run, each share had more than 300% of the Bitcoin exposure when the firm first launched the program.
Despite launching its Bitcoin accumulation program in April 2024, Metaplanet’s buying effort scaled faster than most of its contemporaries.
Corporate investors of Bitcoin and Ethereum
In total, Bitcoin held in treasuries including exchange-traded funds (ETFs), has risen to 3.8 million BTC, worth around $442 billion. At the moment Strategy is the biggest institutional investor of Bitcoin, holding more than 640,031 BTC.
Consequently, in the last 30 days, Strategy added 7,574 BTC to its coffers, solidifying its position as a top corporate holder of the premier cryptocurrency. Like Bitcoin, Ethereum, the second-largest stablecoin by trading volume, is also receiving noticeable attention from institutional investors.
As per Coingecko, the top ten corporate holders of Ether hold 4,019,540 ETH worth more than $17 billion. With firms like BitMine and SharpLink dominating the race among institutional investors of the second-largest cryptocurrency.
Additionally, the recent acquisition indicates that crypto treasury reserves are the trendiest concept in the digital assets industry. This development underlines how crypto is nearing mass adoption as corporate holders are stockpiling virtual assets.
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