The total number of coins now on the balance of Metaplanet reached 18 991 BTC. Now they are estimated at $ 1.95 billion at an average cost of $ 102,712 per bitcoin. The last acquisition followed shortly after the purchase that the company made last week, replenishing its 775 BTC portfolio worth $ 93 million.
Metaplanet President Simon Gerovich said that since the beginning of the year the company’s profitability has reached 479.5%, and from the beginning of July to the end of August, growth amounted to 29.1%. Metaplanet is considered the largest public corporate bitcoin holder in Asia.
The Metaplanet strategy is fruit: since the beginning of the year, the company’s shares have grown by 147.9%. True, over the past month they fell by 26.9%. The company is also developing in traditional markets: it is included in the FTSE Japan index, reflecting the dynamics of papers of Japanese companies with high and average capitalization.
In June, Metaplanet published its three -year plan to increase the stock of bitcoins, according to which by the end of 2025 the company intends to accumulate 30,000 BTC. In 2026, the number of bitcoins in the ownership of the company should increase to 100,000 BTC, and by 2027 to 210,000 coins. This will be approximately 1% of the total supply of bitcoin.
Earlier this month, Metaplanet announced the intention to attract $ 3.8 billion over the next two years to use this capital for larger acquisitions of cryptocurrency in the long term.
Source: Bits
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