Metaplanet Expands BTC Treasury, Assets Outweigh Debt 18-Fold

Tokyo-listed Metaplanet inc (3350) has purchased an additional bitcoin of 775

For 13.73 billion yen (about $ 94 million)depending on their most recent presentation.

The purchase, made in a average price of 17,72 million Yen ($ 120,500) for bitcoin, raises the total total of the company at 18.888 BTC, it is worth approximately 284.1 billion yen ($ 1.95 billion). I am This purchase keeps them as the seventh bitcoin bitcoin bitcoin

In the middle of all purchases, average meteplanet acquisition is now stay 15.04 million yen per btc ($ 102,100). I am

The company reported a Bitcoin returns of 29.3% for the last period, down from 129.4% in Q2. Their value of net axes to the value remains remain close to 2, the lowest since they started their btc accumulation.

The company brings $ 117 million in the outstanding debt, metepanet lever is minimal compared to their bitcoin reserves. “Metiplanet now keep $ 2.18 billion in BTC against only $ 120 million exceptional bond”, he said Dylan lclairDirector of Bitcoin strategy.

“Our 19 ordinary Bonds are 18.67x Soldrigealized with our BTC position, and requiree the unique to our capital structure.”

Meteplanet roseplanet shares 4% to close 900 yen monday, even as bitcoin fell to 115.500reflecting the investment confidence in the balance of the business balance.