Metaplanet Expands Holdings, Buys Additional 156 BTC Amid Market Drop

Metaplanet’s Bitcoin holdings now total 2,391 BTC, with an average purchase price of $82,100 per coin.

The company (3350) recently acquired an additional 156 BTC for $13.4 million, paying an average price of $85,590 per bitcoin. This latest purchase has boosted Metaplanet’s year-to-date BTC yield to 31.8%. As of March 3, its total Bitcoin holdings are valued at approximately $196.3 million.

CEO Simon Gerovich also announced that Metaplanet has received formal invitations from both the New York Stock Exchange (NYSE) and Nasdaq to introduce its platform and explore potential listing opportunities.

“We are carefully considering the best way to make Metaplanet shares more accessible to global investors,” Gerovich shared in an X post.

Metaplanet’s Bitcoin strategy has resulted in an unrealized profit of approximately $21.3 million. Meanwhile, its stock price jumped 20% on Monday, trading at 4,010 yen.

Following Bitdeer Technologies, Metaplanet becomes the second publicly traded company to announce additional Bitcoin purchases amid the recent market dip.