Metaplanet once again invests in Bitcoin

Japanese company Metaplanet announced on March 12 that it has added another 162 BTC to its portfolio.

As a result, the company, which has positioned itself as Japan's first and only listed Bitcoin-Treasury company, now owns a total of 3,050 BTC, with a total value of $250 million.

To finance further purchases, Metaplanet recently issued bonds worth $13.6 million, with an interest rate of 0 percent. The company has ambitious plans and aims to own a total of 10,000 BTC by the end of 2025, rising to 21,000 BTC by the end of 2026.

This strategy, which involves purchasing Bitcoin with borrowed money, was undoubtedly inspired by the American company MicroStrategy. Holding 499,096 BTC, MicroStrategy is the publicly traded company with the largest Bitcoin holdings worldwide. This Bitcoin strategy could even push MicroStrategy's share price (MSTR) above $2,800.

Metaplanet, which is listed on the Tokyo Stock Exchange, has more than a decade of experience in various sectors. In response to the changing investment environment caused by the pandemic, the company has undertaken a complete restructuring and shifted its strategy to a future revolving around Bitcoin.

Following the announcement, Metaplanet's share price immediately reacted positively. On a daily basis, the stock rose 4.9 percent.

Since the beginning of this year, Metaplanet has had a BTC Yield of 53.2 percent achieved for its investors. This KPI (Key Performance Indicator) measures the ratio of Bitcoin holdings to the number of shares issued. With this performance, the company far exceeds its target of a BTC Yield of 35 percent per quarter.

"The company is using BTC Yield to assess the effectiveness of its Bitcoin acquisition strategy, with the goal of creating value for shareholders," Metaplanet said in a press release.