#MetaplanetBTCPurchase
MetaPlanet, a Japanese investment firm, has been aggressively buying Bitcoin, with its latest purchase totaling 1,112 BTC, valued at approximately $117.2 million. This acquisition brings their total Bitcoin holdings to 10,000 BTC, surpassing Coinbase's 9,267 BTC holdings.
*Recent Purchases:*
- *1,112 BTC Purchase*: MetaPlanet's latest acquisition, valued at around $117.2 million, has taken its total holdings to 10,000 BTC.
- *Previous Purchases*: The company had previously acquired 1,088 BTC on June 2, and 1,004 BTC on May 19, demonstrating its commitment to its Bitcoin treasury strategy.¹ ²
*Future Plans:*
- $5.4 Billion Equity Offering: MetaPlanet plans to raise funds through a $5.4 billion equity offering to acquire more Bitcoin, aiming to hold 100,000 BTC by 2026 and 210,000 BTC by 2027.
- *Bond Issuance*: The company has announced its 18th Series of Ordinary Bonds, worth $210 million, to fund further Bitcoin acquisitions.
*Impact on Stock Price:*
- *Stock Price Surge*: MetaPlanet's stock price has surged 22% after announcing its plan to buy more Bitcoin, reaching 1,830 yen.
- *Year-to-Date Gain*: The company's Bitcoin holdings have yielded impressive returns.
