Metaplanet has expanded its Bitcoin holdings after completing an additional acquisition as part of its ongoing treasury strategy.

The company purchased 5,075 Bitcoin during the quarter, bringing its total holdings to 40,177 Bitcoin. 

The acquisition was made at an average price of approximately 12.54 million yen per Bitcoin, with a total purchase amount of about 63.6 billion yen.

With this increase, Metaplanet is now the third-largest publicly known corporate Bitcoin treasury, behind Strategy and XXI (Twenty One Capital).

The company reported 2.969 billion yen in operating revenue for the quarter from its Bitcoin income generation business, which utilizes Bitcoin options to produce recurring cash flow. 

This revenue is used in part to support ongoing Bitcoin accumulation.

Metaplanet also issued a correction to its original disclosure, revising the reported revenue figure after initially misstating the amount.

The income generation activities are conducted within a separate portfolio and do not involve the company’s long-term Bitcoin holdings, which are intended to be held on a long-duration basis.

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