Metaplanet sweeps 1,234 BTC, officially surpassing Tesla! Target: 210,000 BTC!
Don't say MSTR is playing aggressively, the Asian version of the 'Bitcoin Giant' Metaplanet has also started to fire on all cylinders.
Just now, this company invested $132.7 million to acquire 1,234 Bitcoins, bringing its holdings directly to 12,345 BTC, officially surpassing Tesla and becoming the seventh largest holding institution globally. The average purchase price was about $107,557, and the entire position has exploded with floating profits, achieving a return of 315% year-to-date.
This is not the end; they have declared a goal of 210,000 BTC:
This year's target: 30,000 BTC
Next year's target: 100,000 BTC
2027: directly aiming for 210,000 BTC!
To put it simply, they aim to do one thing: exchange stocks for BTC and transform the company into the Asian version of a 'Bitcoin ETF'.
Just this week, they made two waves of acquisitions:
Monday: 1,111 BTC, spending $118.2 million
Wednesday: another $132.7 million to acquire 1,234 BTC
At the same time, they also injected $5 billion into their US subsidiary, directly choosing Florida as their main battlefield for expansion.
And what about their stock price? It has risen 337% this year; even with a slight drop of 4.4% today, investors are still smiling.
Meanwhile, Bitcoin's price is also fluctuating at a high level:
Currently reported at $107,781, eyeing the psychological barrier of $110,000. Trading volume is warming up, and the market is starting to stir.
While others are still struggling with whether to buy, Metaplanet is already racing down the ALL IN path.
Do you think it can beat MicroStrategy? Feel free to share your thoughts in the comments.