#MetaplanetBTCPurchase
Metaplanet, a Japanese investment firm, has been aggressively buying Bitcoin (BTC) and recently reached a milestone of 10,000 BTC in its holdings. Here's a breakdown of their BTC purchases¹ ² ³:
- *Recent Purchases*: Metaplanet bought 1,112 BTC for $117.2 million, bringing its total holdings to 10,000 BTC. This purchase was made at an average price of $105,435 per BTC.
- *Previous Purchases*: The firm acquired 162 BTC worth $13.5 million, and 497 BTC for approximately $43.9 million. They also bought 135 BTC for $12.9 million at an average price of $95,951 per BTC.
- *Total Holdings*: Metaplanet now holds 10,000 BTC, valued at over $1 billion, surpassing Coinbase's 9,267 BTC holdings.
- *Future Plans*: The company aims to acquire 1% of Bitcoin's total supply, or 210,000 BTC, by 2027. To achieve this goal, Metaplanet announced a $5.4 billion equity offering to fund further BTC purchases.
- *Funding*: Metaplanet issued $210 million in bonds to fund its latest BTC acquisition and plans to use the funds raised from its equity offering to buy more BTC.
Metaplanet's aggressive BTC buying strategy has positioned it as a top BTC holder, and its future plans suggest continued accumulation of the cryptocurrency.