Key Purchase Details
- Additional Bitcoin Purchased: 1,234 BTC
- Average Purchase Price: ¥15,617,281 per BTC
- Total Purchase Amount: ¥19.272 billion
- Total Holdings: 12,345 BTC
- Cumulative Average Purchase Price: ¥14,231,184 per BTC
- Total Investment: ¥175.684 billion
Performance Metrics
BTC Yield
A KPI comparing Bitcoin holdings to fully diluted shares. Current quarterly yields:
- Q3 2024: 41.7%
- Q4 2024: 309.8%
- Q1 2025: 95.6%
- Q2 2025 (to date): 112.2%
BTC Gain
Measures Bitcoin growth excluding share dilution effects. Recent quarterly gains:
- Q2 2025: 4,538 BTC
JPY Gain
Converts BTC Gain to JPY using market rates (e.g., ¥71.205 billion in Q2 2025).
Capital Market Activities (2025)
Debt Issuance & Early Repayments
- EVO FUND Transactions: Zero-coupon bonds (¥4–36 billion) issued and repaid using proceeds from warrant exercises.
- Strategic Share Warrants: 210 million shares allocated under the "21 Million Plan," with 41.7% exercised to date (¥35.098 billion raised).
Bitcoin Holdings Timeline
| Date | BTC Held | Total Cost (¥B) | Avg Price/BTC (¥) |
|------------|----------|-----------------|-------------------|
| 2025-06-26 | 12,345 | 1756.84 | 14,231,184 |
| 2025-03-31 | 4,046 | 523.68 | 12,943,181 |
| 2024-12-23 | 1,761.98 | 208.72 | 11,846,002 |
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FAQs
Q: How is BTC Yield calculated?
A: It measures the change in Bitcoin-to-shares ratio compared to prior quarters, excluding dilution effects.
Q: What’s the purpose of JPY Gain?
A: To show the local currency impact of Bitcoin holdings for shareholder transparency.
Q: Are these metrics GAAP-compliant?
A: No, they’re supplemental KPIs focused solely on Bitcoin strategy performance.