Tokyo-based Metaplanet Inc. purchased additional BTC, continuing Bitcoin Treasury Operations. The company made its largest-ever single Bitcoin purchase, acquiring 619.70 Bitcoins at an average price of 15,330,073 yen a piece and paid a total of 9.5 billion yen. On December 23, 2024, the company disclosed an additional purchase of Bitcoin. On December 18, 2024, Bitcoin Treasury became the company’s official business line. By buying large quantities of Bitcoin, Metaplanet earned the name “Asia’s MicroStrategy.” The two seem to share a Bitcoin acquisition strategy. Metaplanet now holds a total of 1,761.98 BTC The company shared that it has maximized its Bitcoin holdings strategically by acquiring funds through capital market activities and operating income. Moreover, they also provided the total Bitcoin holdings and aggregate cost basis (net of all fees and expenses) for all key reporting periods. The latest purchase by Metaplanet brings the company’s total number of Bitcoins to 1,761.98, at an average purchase price of 11,846,002 yen per Bitcoin. This has made the firm’s Bitcoin stack settle at position twelve among the public companies behind medical tech maker Semler Scientific. Metaplanet indicated that from October 1 to December 23, its BTC Yield grew to 310%. This growth was quite significant compared to the previous quarter of July to September when it was 41.7%. Metaplanet assesses its Bitcoin acquisition strategy through the BTC Yields. Metaplanet to establish Bitcoin accumulation management The Tokyo-based firm issued a statement on December 18 projecting its first operating profit since 2017. The statement further clarified that they are looking beyond just buying Bitcoin as part of their strategy. As part of investor disclosure, Metaplanet said it plans to create a “Bitcoin accumulation and management” as an official business label. The label would include loans, equity convertible bonds, and other financial instruments to purchase and hold BTC. In November, the firm set a target of raising over $62 million (9.5 billion Japanese yen) through its stock acquisition program to purchase more Bitcoin for its treasury. The announcement triggered Metaplanet’s stock price growth by 5%. However, it has remained down by close to 13% over the last week. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap