Tokyo-listed company Metaplanet (MTPLF) has been added 136 Bitcoin has been added BTC$112,238.27 The Ministry of Finance held more than 20,000 coins earlier this month.
The acquisition took place at an average purchase price of less than $112,000 per Bitcoin, increasing the total spent on BTC to over $2 billion.
Metaplanet tracks investment performance through BTC yield metrics. This measures the growth of Bitcoin held per fully diluted share, rather than the traditional yields acquired on the assets held.
From April to June, Metaplanet recorded a BTC yield of 129.4%. For the previous third quarter, the figure is 30.8%
The company’s 20,136 BTC stashes are the sixth largest publicly traded Bitcoin Treasury Company. Collectively, these companies hold 1 million btc and Lion’s share comes from the Strategic 638,460 Bitcoin Treasury.
Stocks have fallen by more than 30% in the past month, suffering a slight drop in Bitcoin prices along with a reduced MNAV, a premium in the company’s market capitalization, compared to its holdings.
