#MetaplanetBTCPurchase

### 🚀 **Metaplanet's Strategic Bitcoin Accumulation: Key Developments & Implications**

#### 💰 **1. Major Bitcoin Purchase & Treasury Milestone**

- **Latest Acquisition:** Metaplanet bought **1,112 BTC** for **$117.2 million** (¥16.88 billion) at an average price of **$105,435/BTC**, bringing its total holdings to **10,000 BTC** .

- **Corporate Ranking:** This surpasses Coinbase’s 9,267 BTC, making Metaplanet the **9th-largest public Bitcoin holder** globally .

- **Investment Summary:** Cumulative spending on BTC now stands at **$947 million**, with an average cost of **$94,697/BTC** .

#### 📈 **2. Aggressive Funding Strategy: $210M Bond Issuance**

- **Zero-Interest Bonds:** Metaplanet issued **$210 million in bonds** with **0% interest**, maturing in December 2025, to fund further Bitcoin purchases. The bonds were exclusively offered to the Cayman Islands-based **Evo Fund** .

- **Capital Utilization:** Funds will be allocated entirely to expanding its Bitcoin treasury, aligning with its long-term accumulation goals .

#### 📊 **3. Stock Surge & Market Response**

- **Share Price Rally:** Following the announcements, Metaplanet’s stock (TSE: 3350) soared **22–26%** on June 16, 2025, peaking at **¥1,895** per share. Year-to-date gains exceeded **417%**, with a **2,000%+ surge** over 12 months .

- **Market Capitalization:** Crossed **¥1 trillion ($6.9 billion)**, overtaking traditional giants like chipmaker Kioxia Holdings and Tokyo Metro .

- **Short-Seller Pressure:** Despite bullish momentum, short positions against Metaplanet reached **23% of free float**—the highest among large Tokyo-listed firms—indicating significant market skepticism .

#### 🎯 **4. Long-Term Bitcoin Targets & Strategy Shift**

- **Ambitious Goals:** Metaplanet aims to hold **100,000 BTC by 2026** and **210,000 BTC by 2027**—up from its earlier target of 21,000 BTC. Achieving this would require **~$21 billion** in additional purchases .

- **Strategic Pivot:** Originally a hospitality firm, Metaplanet adopted