Metaplanet, a Tokyo-listed company, has increased its Bitcoin treasury by acquiring an additional 775 BTC for approximately $94 million, raising its total holdings to 18,888 BTC, valued at about $1.95 billion. Despite a dip in Bitcoin prices, the company's shares rose by 4% to close at 900 yen. Metaplanet's Bitcoin stack over-collateralizes its sole liability of $117 million in 0% bonds by 18.67 times, reflecting a robust balance sheet. The average acquisition cost for their Bitcoin holdings now stands at 15.04 million yen per BTC. The company reported a Bitcoin yield of 29.3%, a decrease from 129.4% in the previous quarter, and its net asset value multiple remains near 2, the lowest since they began accumulating BTC. Investor confidence appears strong regarding Metaplanet's strategic financial positioning amidst fluctuating Bitcoin values.

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