"Big news for crypto enthusiasts! 🚀 Metaplanet has made a significant move in the Bitcoin market. Here are the latest updates:
*Recent Purchase*: Metaplanet acquired 1,112 BTC, valued at approximately $117 million, bringing their total holdings to 10,000 BTC. This purchase has not only boosted their Bitcoin reserves but also propelled them to the seventh-largest publicly traded company with a Bitcoin treasury, surpassing Coinbase's 9,267 BTC.
*Bond Issuance*: Metaplanet's board of directors approved the issuance of $210 million in zero-interest bonds, with the funds allocated for purchasing more Bitcoin. This strategic move demonstrates their commitment to expanding their Bitcoin portfolio.
*Future Plans*: Metaplanet aims to hold 210,000 BTC by the end of 2027, which would make them the second-largest holder of Bitcoin among public companies. To achieve this goal, they'll need to acquire an additional 200,000 BTC over the next 18 months.
*Stock Performance*: Following the announcement, Metaplanet's stock surged over 20%, peaking at 1,860 Japanese yen. The company's stock price has risen more than 417% year-to-date, reflecting investor confidence in their Bitcoin acquisition
