#MetaplanetBTCPurchase

Metaplanet, a Japanese investment firm, has made a significant move in the cryptocurrency market by purchasing 1,112 Bitcoin (BTC) worth approximately $117.2 million. This acquisition brings their total holdings to 10,000 BTC, valued at around $947 million, with an average acquisition cost of $94,697 per BTC. Here's what's noteworthy about this development ¹ ²:

- *New Milestone*: Metaplanet has surpassed Coinbase Global, holding more BTC than the crypto exchange, which has 9,267 BTC.

- *Investment Strategy*: The firm targets acquiring 100,000 BTC by 2026 and 210,000 BTC by 2027, aiming to hold 1% of the total Bitcoin supply.

- *Funding*: Metaplanet issued zero-interest bonds worth $210 million, with plans to allocate the funds toward purchasing more Bitcoin.

- *Stock Performance*: Following the announcement, Metaplanet's stock surged over 17% to 1,769 yen, reflecting investor enthusiasm around its Bitcoin-focused strategy.

*Metaplanet's Bitcoin Accumulation Plan:*

- *Short-term goal*: 100,000 BTC by 2026

- *Long-term goal*: 210,000 BTC by 2027

- *Growth strategy*: The firm plans to issue 555 million shares over the next two years to fund additional BTC purchases.

*Current BTC Holdings:*

- *Metaplanet*: 10,000 BTC

- *Coinbase Global*: 9,267 BTC

- *MicroStrategy*: 582,000 BTC (top global holder)

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