Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase.
Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.
The firm’s Bitcoin yield surpassed 119% year-to-date after its latest investment.
Source: Simon Gerovich
Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more Bitcoin on March 31, Cointelegraph reported.
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The $414 million in Bitcoin holdings make Metaplanet Asia’s largest and the world’s 10th-largest corporate Bitcoin holder, Bitbo data shows.
Source: <a data-ct-non-breakable="null" href="https://treasuries.bitbo.io/"