Metaplanet now holds 10000 Bitcoin after a $117 million purchase made on June 16.
The firm approved a $210 million bond issue to buy more Bitcoin before the end of 2025.
Metaplanet plans to grow its Bitcoin holdings to 210000 BTC by the end of 2027.
Metaplanet, Japan’s leading Bitcoin holding company, confirmed the purchase of 1,112 additional Bitcoin on June 16. This acquisition pushed the firm’s total Bitcoin holdings to exactly 10,000 BTC.
https://twitter.com/gerovich/status/1934445942536897019 New Milestone in Bitcoin Treasury Strategy
The company spent $117.2 million for this latest batch of Bitcoin. The average purchase price was approximately $105,435 per coin. With this move, Metaplanet fulfilled its 2025 target of holding 10,000 BTC ahead of schedule.
The firm’s cumulative Bitcoin investment now totals around $947 million. The average price across all purchases is about $94,697 per BTC. This milestone places Metaplanet ahead of Coinbase, making it the seventh-largest public holder of Bitcoin.
Two weeks ago, Metaplanet had become the eighth-largest corporate holder of Bitcoin. The new acquisition pushed it further up the list.
$210 Million Bond Issuance Approved
Alongside the acquisition, the company also announced a major funding development. Its board approved the issuance of $210 million in zero-interest bonds. The company will offer the 18th series of ordinary bonds to EVO FUND. These bonds will mature on December 12, 2025.
https://twitter.com/Cointelegraph/status/1934423340694798434
Funds raised from the bonds will be used to purchase more Bitcoin. The company expects minimal financial impact from the bond issue for the current fiscal year. It will disclose any major changes if they occur.
Aggressive Bitcoin Target for 2026 and 2027
Metaplanet has revised its long-term Bitcoin strategy. The firm now plans to hold 100,000 BTC by the end of 2026. It aims to reach 210,000 BTC by the close of 2027. This target requires aggressive purchases over the next 18 months.
To support the strategy, Metaplanet has planned a record equity raise. The firm expects to generate $5.4 billion by issuing 555 million shares through moving strike warrants. This will be Asia’s largest Bitcoin-focused equity raise.
Strong Market Reaction to Latest Moves
Following the announcement, Metaplanet’s stock surged on the Tokyo Stock Exchange. The share price jumped over 22% to 1,860 yen on Monday. Year-to-date, the stock has gained more than 417%.
Bitcoin itself saw a brief dip due to global tensions, falling from $110,000 to $103,000. Despite this drop, institutional demand remains steady. Bitcoin ETFs recorded over $1.3 billion in net inflows last week. Metaplanet’s strategy shows no signs of slowing as it continues to scale its holdings rapidly.
