#MetaplanetBTCPurchase Metaplanet’s Bold Bitcoin Move & The Debt Dilemma in Crypto Investing 💰🪙
Metaplanet just made waves by scooping up 1,112 BTC ($117M), pushing their total Bitcoin stash to a whopping 10,000 BTC, making them the 7th largest BTC holder worldwide! 🌏🔥 Since they started buying in April last year, they’ve invested nearly $196M at an average price of $82,100 per coin, and their shares surged 21% after their earlier purchase this year. Talk about confidence in crypto! 📈✨
But here’s the twist: many companies, including big players like Metaplanet, are issuing debt to buy Bitcoin. Is this a savvy hedge or a risky gamble? 🤔
The Smart Hedge 🛡️