Latest news with #Metaplanet
Yahoo
2 days ago
- Business
- Yahoo
Metaplanet Acquires 1,088 Bitcoin to Bring BTC Stash to Over $930M
Japan's Metaplanet said on Monday it has purchased additional 1,088 bitcoin BTC to bring its total holdings to over 8,888 BTC, now worth over $930 million. The latest acquisition cost the company 16.885 billion Japanese yen ($117.5 million), with an average purchase price of approximately 15.5 million yen ($108,051) per bitcoin, per a disclosure. Metaplanet's aggressive bitcoin accumulation strategy, which began with its official adoption of a Bitcoin treasury policy in April 2024, has propelled the firm to the top spot among corporate BTC holders in Asia and the top ten globally. The firm has now added 7,126 BTC 2025 so far, pacing to its year-end target of 10,000 BTC. Its latest move follows the company's issuance of $50 million in zero-interest bonds last week, providing additional capital for BTC purchases without diluting existing equity. Metaplanet reported a BTC Yield of 66.3% for year-to-date, BTC Gain, expressed in Bitcoin terms, rose to 2,684 BTC, while BTC ten Gain translated to approximately 40.5 billion yen. BTC was hovering over $105,000 in Asian hours Monday, little changed over the past 24 hours.
Yahoo
22-05-2025
- Business
- Yahoo
Crypto stocks rally as Bitcoin hits new record high
Crypto stocks immediately rallied, following Bitcoin hitting a new all-time high (ATH) on May 21. MicroStrategy (MSTR), rebranded to Strategy, jumped a modest 1% since the day's open to $423.22 within minutes of BTC hitting new record high. Founder and executive chairman Michael Saylor wrote on X, "If you're not buying bitcoin at the all-time high, you're leaving money on the table." Saylor's enthusiasm is understandable, given the firm is the largest corporate Bitcoin holder in the world that holds 576,230 BTC on its balance sheet. Metaplanet (OTC: MTPLF), Japan's largest corporate holder of Bitcoin, also rose 60% since the day's open to $16. The firm that holds 7,800 BTC appointed President Donald Trump's son Eric to its board of advisors in March. Coinbase (Nasdaq: COIN), the largest stock exchange in the U.S., jumped 3% to $270 within minutes. Coinbase recently became the first crypto exchange to join the S&P 500. Robinhood (Nasdaq: HOOD), a California-based trading exchange offering cryptocurrencies, stocks, etc., rose 4% to $66.87 within minutes of BTC hitting the new high. The crypto mining stocks didn't lag behind either. MARA Holdings (Nasdaq: MARA), a prominent crypto mining firm headquartered in Florida, soared 6% to $17.2 within minutes. Hut 8 (Nasdaq: HUT), another crypto mining firm headquartered in Florida, rose 7% to $17.81. Riot Platforms (Nasdaq: RIOT), a Colorado-headquartered crypto mining firm, jumped 5% to $9.32. CleanSpark (Nasdaq: CLSK), a Nevada-headquartered crypto mining firm, also rose 12% to $10.78. Singapore-headquartered crypto mining firm Bitdeer Technologies (Nasdaq: BTDR) rose 8% to $16.23. As per Kraken's price feed, BTC was trading at $109,767.52 at the time of writing. Kraken's global economist, Thomas Perfumo, told TheStreet Roundtable, 'Recovering equity markets, heavyweight ETF flows and the ever-present corporate demand together create a feedback loop that is propelling Bitcoin higher." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Michael Saylor is watching 6 stocks— one is up 767%
Michael Saylor, the founder and executive chairman of MicroStrategy (Nasdaq: MSTR), is a well-known Bitcoin bull who has turned his firm into the world's largest corporate holder of Bitcoin. Not only that, Saylor is a proponent of further institutional adoption of Bitcoin and encourages other companies to do the same. No market movement involving the king coin escapes him, and it was again evident pretty recently. On May 19, Saylor shared on X the uptick on the 30-day price chart of Metaplanet (Tokyo: 3350.T) stock. However, what caught the attention of discerning observers was Saylor's stock watch list. Saylor has been closely watching a number of Bitcoin-holding public companies. There is, of course, Metaplanet (OTC: MTPLF). Japan's largest corporate holder of Bitcoin, the firm holds 7,800 BTC. In March, it appointed President Donald Trump's son Eric to its board of advisors. The stock was trading at $7.03 at press time, up 158% over a month. Metaplanet's Tokyo-listed stock (TSE: 3350.T) closed at JPY 783 on May 20, up 120% over a month. Cantor Equity Partners (Nasdaq: CEP) is another Bitcoin-focused stock on Saylor's watch. The firm last month joined forces with SoftBank Group, stablecoin issuer Tether, and the Bitfinex crypto exchange to launch Twenty One, a public Bitcoin company. CEP closed at $47.58, up nearly 350% over a month. The Blockchain Group (Euronext Growth Paris: was also on Saylor's watch. A French Bitcoin treasury company, it holds 620 BTC. Its stock closed at EUR 3.04 on May 20, up 450% over a month. Another stock on Saylor's watch list was Matador Technologies (TSXV: MATA,V), a Canadian tech company holding 68.14 BTC. The stock was trading at CAD 0.77, up 133% over a month. CoreWeave (Nasdaq: CRWV) is a cloud computing company that earlier operated as a crypto mining firm. Its stock was trading at $90.60 at press time, up 132% over a month. Healthcare company Kindly MD (Nasdaq: KDLY), which recently announced a merger with Bitcoin-native Nakamoto Holdings, was trading at $15.29, up 767% over a month. The MSTR stock itself was trading at $416.21 at press time, up only 31% over a month. As per Kraken, Bitcoin was trading at $106,689 at the time of writing, up 26% over a month. Looking at the price charts, it is obvious that Bitcoin-centric public companies have soared enormously, even beating the king coin and leading BTC holder as well. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC
Tokyo-listed investment firm Metaplanet has purchased another 1,004 bitcoin (BTC) for approximately $104.3 million, bringing its total holdings to 7,800 BTC. The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure. The company's total bitcoin position, acquired at an average price of $91,300 per BTC, is now valued at just over $806 million based on current market prices. The move is part of Metaplanet's long-term goal to reach 10,000 BTC by the end of 2025. It began acquiring bitcoin in April 2024 and has since leaned heavily into a treasury strategy modeled after firms like Strategy (MSTR). The latest purchase comes as bitcoin continues to hover just below its all-time high, trading around $103,343 at the time of writing. The broader crypto market has rallied in recent weeks amid improving macro sentiment. Metaplanet has financed its bitcoin acquisitions through a series of bond sales, most recently completing its 15th ordinary bond issuance, worth $15 million.
Yahoo
20-05-2025
- Business
- Yahoo
El Salvador's Bitcoin Holdings Show $357 Million In Unrealized Profit As Bitcoin Closes At Record Highs
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. El Salvador's bold foray into Bitcoin (CRYPTO: BTC) has entered a new chapter of profitability. As of May 19, the country's BTC portfolio stands at approximately $644.4 million, with an unrealized profit of $357.2 million, reflecting a gain of 124.39% on its initial investment of $287.2 million. President Nayib Bukele shared an image of the country's portfolio dashboard on social media on Sunday, noting the position has appreciated by over $69 million year-to-date and underscoring the resilience of El Salvador's crypto treasury strategy even amid market volatility. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. The public disclosure comes as institutional interest in Bitcoin continues to deepen. Tokyo-listed investment company Metaplanet Inc (OTCQX:MTPLF) announced this week that it had purchased 1,004 BTC for roughly $104.3 million, bringing its total holdings to 7,800 BTC. The company disclosed that its average acquisition cost across all purchases is $91,300 per BTC, with the current market value of its Bitcoin now exceeding $806 million. Metaplanet's aggressive accumulation mirrors El Salvador's early adoption stance. The Japanese firm began accumulating Bitcoin in April 2024, taking inspiration from treasury allocation strategies used by Strategy. Its latest tranche was acquired at an average price of $103,873 per BTC, with the firm publicly stating its target of reaching 10,000 BTC by the end of 2025. To support these acquisitions, Metaplanet has completed a series of bond issuances, 15 in total, raising capital directly for its Bitcoin strategy. Its most recent bond sale raised $15 million, as Bitcoin trades just shy of its all-time high near $103,343. El Salvador became the first country to adopt Bitcoin as legal tender in 2021, a controversial move that has since turned into a highly profitable one, at least on paper. The government's decision to maintain its position without liquidating any of its holdings means the realized profit remains zero, though the country's financial position has significantly improved on paper. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article El Salvador's Bitcoin Holdings Show $357 Million In Unrealized Profit As Bitcoin Closes At Record Highs originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
