The Japan-based investment company Metaplanet has surpassed the investment threshold of approximately 1 billion dollars by reaching a total of 10,000 Bitcoin (BTC) purchases.
The Japanese investment giant Metaplanet, known for its Bitcoin accumulation strategy, continues to strengthen its Bitcoin reserves. The company recently raised funds through the issuance of zero-interest bonds and purchased an additional 1,112 BTC, increasing its total reserves to 10,000 BTC.
At the board meeting held on June 16, Metaplanet decided to issue zero-interest bonds worth 210 million dollars, specifically allocated for the EVO FUND. The revenue generated from these bonds will be used entirely for Bitcoin purchases.
According to the announcement, with its latest purchase, the company bought 1,112 BTC at an average price of 105,435 dollars. With a total investment of 117.2 million dollars for this transaction, Metaplanet's total investment in Bitcoin has reached 947 million dollars so far. The average cost of BTC purchases for the company is approximately 94,697 dollars.
Surpassed Coinbase
With its latest Bitcoin purchase, Metaplanet has surpassed Coinbase in the worldwide Bitcoin reserve rankings. By exceeding Coinbase's 9,267 BTC, Metaplanet has strengthened its position in the industry. Following the announcement, the company's stock prices rose by 17.23%, attracting the interest of investors.
Target 210,000 BTC!
Metaplanet recently expanded its Bitcoin accumulation target, announcing that it aims to reach a total of 210,000 BTC by the end of 2027. This target corresponds to 1% of Bitcoin's total supply. The company plans to issue 5.4 billion dollars in shares within the next two years to achieve this goal. With this strategic move, Metaplanet maintains its ambitious position in the global Bitcoin race.
