in

Metaplanet Provides 150 Bitcoin to Tally, Days After Eric Trump’s Advisor Appointment



Tokyo-based investment firm Metaplanet said Monday it had acquired an additional 150 bitcoin (BTC) to bring its total holdings to 3,350 BTC, valued at approximately $291 million at current market rates.

The purchase comes just days after the company made Eric Trump, son of U.S. President Donald Trump, to its newly formed strategic advisory board. He is expected to bring a high-profile perspective to Metaplanet’s ambitions.

Metaplanet is working to boost its value for shareholders by buying and holding bitcoin, using a measure called BTC Yield to track how well this plan is working.

BTC Yield shows the percentage change in the amount of Bitcoin they own compared to the total number of shares, over a set time. From July to September 2024, their BTC Yield was 41.7%, meaning their bitcoin stash grew steadily compared to shares. Then, from October to December 2024, it jumped to 309.8% because they bought a lot more bitcoin while its price soared.

So far in 2025, from January 1 to March 24, they’ve hit a BTC Yield of 68.3%, per Monday’s documents.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Are Tiger Woods & Vanessa Trump Relationship? Contained in the Rumors – Hollywood Life

The important thing to balancing innovation and belief in AI coverage