Yigit Taha OZTURK 
Metaplanet took advantage of the Bitcoin dip and purchased an additional 156 BTC. The company now holds 2,391 BTC with an average cost of $82,100 per Bitcoin. Following this move, Metaplanet’s shares surged 20% on Monday, trading at 4,010 yen.
Metaplanet’s Bitcoin Investment Strategy
Japan-based public company Metaplanet (3350) purchased 156 BTC for $13.4 million, with an average cost of $85,590 per Bitcoin. Year-to-date, the company has achieved a 31.8% BTC yield, bringing its total Bitcoin holdings to $196.3 million.
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Metaplanet’s CEO, Simon Gerovich, announced that the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq. In an X post, Gerovich stated that they are exploring ways to make Metaplanet shares more accessible to global investors.
Impact on Metaplanet’s Share Price
Metaplanet’s bold Bitcoin strategy has positively impacted its stock price. On Monday, shares surged by 20%, reaching 4,010 yen. The company has gained approximately $21.3 million from its Bitcoin holdings so far.
Following Bitdeer Technologies, Metaplanet became the second publicly traded company to capitalize on the Bitcoin dip by making additional purchases. Crypto investors are closely monitoring this strategy.
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