#MetaplanetBTCPurchase Metaplanet's bold Bitcoin purchase plan is making waves in the crypto world. Here's what's happening ¹ ² ³:
- $5.4 Billion Plan: Metaplanet aims to raise $5.4 billion to buy Bitcoin, with a target of acquiring 210,000 BTC by the end of 2027. This would make it the second-largest holder of Bitcoin among public companies, behind MicroStrategy.
- *Recent Purchases*: Metaplanet has been actively buying Bitcoin, with recent purchases including 1,112 BTC for $117.2 million and 1,088 BTC for $117.3 million. Their total holdings now stand at 10,000 BTC, worth approximately $947 million.
- *Bond Issuance*: To fund further Bitcoin purchases, Metaplanet has announced the issuance of $210 million in zero-interest bonds. The funds raised will be allocated toward buying more Bitcoin.
- *Stock Performance*: Metaplanet's stock has surged over 408% since the beginning