#MetaplanetBTCPurchase Metaplanet has been acquiring large amounts of Bitcoin as part of its strategy to invest in cryptocurrency and protect itself against economic challenges, especially in Japan. They have announced plans to accumulate 210,000 bitcoins by 2027, equivalent to 1% of the total supply, and have made significant purchases, becoming one of the largest corporate holders of Bitcoin.
Acquisitions:
Metaplanet has purchased Bitcoin on several occasions, including the acquisition of 1088 BTC at an average price of $108,400 per coin, raising its total holdings to 8888 BTC.
Financing:💰
To finance these purchases, Metaplanet has issued bonds and is planning to issue shares through warrants.
Objectives:📈
The company seeks to protect itself against Japan's economic challenges and considers Bitcoin as a store of value asset.
Market Position:
With its purchases, Metaplanet has become the eighth largest corporate holder of Bitcoin, surpassing companies like Galaxy Digital Holdings and Block Inc.
