{"id":43891,"date":"2024-12-23T08:19:56","date_gmt":"2024-12-23T08:19:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/metaplanet-buys-the-dip-with-620-btc\/"},"modified":"2024-12-23T08:19:56","modified_gmt":"2024-12-23T08:19:56","slug":"metaplanet-buys-the-dip-with-620-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/metaplanet-buys-the-dip-with-620-btc\/","title":{"rendered":"Metaplanet buys the dip with 620 BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Solv-Protocol-introduces-Bitcoin-staking-on-Base-with-cbBTC-token-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Solv-Protocol-introduces-Bitcoin-staking-on-Base-with-cbBTC-token-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Solv-Protocol-introduces-Bitcoin-staking-on-Base-with-cbBTC-token-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/09\/Solv-Protocol-introduces-Bitcoin-staking-on-Base-with-cbBTC-token-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Metaplanet, the Japanese investment firm that\u2019s one of the most aggressive buyer of <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> in recent months, has added to its holdings with a fresh 619.70 BTC purchase.<\/li>\n<li>The company\u2019s latest Bitcoin purchase comes amid a new dip for the <a href=\"https:\/\/coinjournal.net\/news\/what-happened-in-crypto-this-week-7\/\">crypto market<\/a>, with the benchmark asset dropping to lows of $93,800 early Monday.<\/li>\n<\/ul>\n<h2>Metaplanet adds $60 million worth of BTC to holdings<\/h2>\n<p>Bitcoin rose to its all-time high of $108k on Dec. 17 before <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-slips-after-feds-interest-rate-decision\/\">plummeting to around $92k<\/a> on Dec. 20 amid broader risk assets sell-off. The downturn, which followed the recent US Federal Reserve\u2019s rate cut and projection for 2025, however, looks to have provided another \u201cbuy the dip\u201d opportunity for Metaplanet.<\/p>\n<p>Metaplanet says it acquired nearly 620 BTC at the average price of 15,330,073 yen (about $97,861) per bitcoin. Overall, the purchase totaled 9.5 billion yen ($60 million), with total BTC bought to date at 1,761.98 BTC acquired at the average price of 11,846,002 yen (about $75.5k) per Bitcoin.<\/p>\n<p>In total, Metaplanet has so far used more than 20.872 billion yen to buy BTC, having completed its first Bitcoin buy in May.<\/p>\n<p>The move saw the company dubbed \u201cAsia\u2019s MicroStrategy\u201d in reference to US-listed company MicroStrategy, which is the world\u2019s largest corporate holder of Bitcoin.<\/p>\n<p>Michael Saylor\u2019s company first adopted BTC as a treasury asset in August 2020 and currently holds 439,000 BTC, acquired for approximately $27.1 billion. This translates to an average purchase price of about $61,725 per bitcoin.<\/p>\n<p>According to a <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/83ccb67f\/4ee2\/4f76\/a2c8\/dbeaed64901f\/140120241223542705.pdf\" target=\"_blank\" rel=\"noopener\">disclosure<\/a> on Monday, Metaplanet has seen its BTC Yield between Oct. 1 and Dec. 23 reach 310%. In comparison, the company reported a 41.7% BTC yield between July and September 2024.<\/p>\n<p>\u201cAs previously disclosed, BTC Yield is a key performance indicator (KPI) that reflects the percentage change in the ratio of Total Bitcoin Holdings to Fully Diluted Shares Outstanding over a given period. The Company uses BTC Yield to assess the performance of its Bitcoin acquisition strategy, which is intended to be accretive to shareholders,\u201d Metaplanet stated.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/metaplanet-buys-the-dip-with-620-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Metaplanet, the Japanese investment firm that\u2019s one of the most aggressive buyer of Bitcoin in recent months, has added to its holdings with a fresh 619.70 BTC purchase. The company\u2019s latest Bitcoin purchase comes amid a new dip for the crypto [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":43892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43891"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43891"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43892"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}