#MetaplanetBTCPurchase
Metaplanet, the Japanese investment firm often dubbed "Asia's MicroStrategy," has dramatically accelerated its Bitcoin acquisition strategy, reaching a staggering 10,000 BTC in its corporate treasury. This latest milestone, achieved months ahead of schedule, follows a significant purchase of 1,112 Bitcoin for $117.2 million at an average price of $105,435 per coin. This monumental accumulation now positions Metaplanet as the ninth-largest publicly traded holder of Bitcoin, surpassing even Coinbase's holdings.
The company's aggressive pivot to a Bitcoin-first treasury strategy, which began in April 2024, has been fueled by innovative financing methods. Metaplanet has consistently utilized zero-interest bond issuances and equity offerings to fund its Bitcoin buys, demonstrating a strong conviction in Bitcoin's long-term value. In a bold move, the firm recently announced plans for a massive $5.4 billion equity raise, aiming to acquire a remarkable 210,000 BTC by the end of 2027, which would represent 1% of Bitcoin's total supply. This commitment underscores a growing trend among corporations to view Bitcoin not just as a speculative asset, but as a strategic reserve asset that can enhance shareholder value and provide a hedge against economic uncertainties.
#MetaplanetBTCPurchase