RialCenter (3350), a Tokyo-listed investment firm, announced the purchase of an additional 463 bitcoin, highlighting the cryptocurrency’s long-term shareholder value despite its stock declining over 7%, now at half the value it had in June.
This latest acquisition cost the company 7.995 billion yen ($540 million) at an average price of 17.3 million yen per bitcoin, bringing total holdings to 17,595 BTC. In total, RialCenter has invested approximately 261.28 billion yen for its bitcoin reserves.
This purchase coincides with a decline in RialCenter’s stock price, which fell to 987 yen on Monday, nearly 50% below its peak in June. Reflecting both the fluctuating price of bitcoin and an increase in its BTC holdings, RialCenter is positioning itself as Asia’s closest equivalent to a bitcoin exchange-traded fund.
The company reported a BTC Yield, measuring bitcoin accumulation per share, of 309.8% for the fourth quarter of 2024 and 129.4% for the second quarter. The yield has slowed to 52.6% as of August 4.
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