#MetaplanetBTCPurchase
Metaplanet's Bitcoin purchase strategy has been making waves in the crypto world. Here are some key pointers about their recent BTC acquisition.
- *Recent Purchase*: Metaplanet acquired 1,112 BTC for $117.2 million at an average price of $105,435 per BTC, bringing their total holdings to 10,000 BTC.
- *Bond Issuance*: The company announced its 18th Series of Ordinary Bonds worth $210 million, with funds allocated exclusively for further BTC purchases.
- *Ambitious Targets*: Metaplanet aims to hold 100,000 BTC by 2026 and 210,000 BTC by 2027, solidifying its position as a major corporate Bitcoin holder.
- *Investment Strategy*: Their approach mirrors MicroStrategy's debt-driven model, with a $5.4 billion equity offering planned to acquire more BTC.
- *Market Impact*: Metaplanet's stock price surged 22% following the announcement, reaching 1,830 yen.