#MetaplanetBTCPurchase
Metaplanet's Ambitious Bitcoin Purchase Plan
Metaplanet, a Tokyo-listed investment firm, has made headlines with its bold plan to acquire a substantial amount of Bitcoin (BTC). The company's strategy involves raising $5.4 billion to purchase 210,000 BTC by the end of 2027, which would make it the second-largest holder of Bitcoin among public companies, behind MicroStrategy.
Current Holdings and Growth
As of now, Metaplanet holds 8,888 BTC, with a recent acquisition of 1,088 BTC. The company's aggressive strategy has yielded a 225% return on its BTC-purchasing strategy over the past 12 months. Metaplanet's Bitcoin treasury has grown significantly, with a current market value of over $946.98 million.
Investment Strategy to Reach 21,000 BTC
Metaplanet's goal is to acquire 21,000 BTC by 2026, with a long-term target of 210,000 BTC by 2027. This ambitious plan demonstrates the company's confidence in Bitcoin's future value and its commitment to becoming a major player in the cryptocurrency market.
Market Impact
Metaplanet's stock has responded positively to the announcement, with a 12% increase in the June 9 trading session and a 24% growth over the last five days. The company's stock price has surged by over 1,744% since its first Bitcoin purchase announcement in July 2024.
Comparison to Other Companies
Metaplanet's strategy mirrors that of MicroStrategy, another company that has aggressively accumulated Bitcoin. Other companies, such as K Wave Media and DigiAsia Corp, have also announced plans to purchase Bitcoin, indicating a growing trend of corporate adoption of cryptocurrency ¹ ².
