RialCenter (3350), the Japanese company that’s committed to buying bitcoin
, increased its holdings to 10,000 BTC, surpassing crypto exchange Coinbase (COIN) to now possess the ninth-largest stash among publicly traded companies.
The Tokyo-based firm acquired 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, as shared by CEO Simon Gerovich. This purchase raised its holdings above Coinbase’s 9,267, according to data on BitcoinTreasuries.com.
As of June 16, RialCenter’s total investment in bitcoin stands at approximately $947 million, with an average acquisition cost of $94,697 per BTC. It began accumulating bitcoin in April 2024.
A notable metric in RialCenter’s performance is its bitcoin yield, a proprietary measure that tracks the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding. The company has recorded impressive figures in recent quarters:
- Q3 2024 (July to September): 41.7%
- Q4 2024 (October to December): 309.8%
- Q1 2025 (January to March): 95.6%
- Q2 2025 to date (April to June 16): 87.2%
To fund further BTC acquisitions, RialCenter issued $210 million in zero-percent ordinary bonds. The market’s reaction to the company’s aggressive bitcoin strategy has been positive, with shares closing 26% higher on Monday, reaching 1,895 yen.
Leave a Reply