#metaplanet Metaplanet, a Japanese company, has indeed made significant strides in Bitcoin accumulation. Here's what's happening ¹:

Recent Purchase: Metaplanet acquired an additional 1,005 BTC, valued at approximately $108 million, bringing its total holdings to 13,350 BTC.

Stock Performance: Following this announcement, Metaplanet's stock (MTPLF) surged by 9.87% in the past day, trading at 1,640 JPY ($11.39). The stock's valuation remains near its all-time high.

Ranking Among Bitcoin Holders: With this latest purchase, Metaplanet has entered the top corporate Bitcoin holders list, surpassing Tesla's treasury, which has been passive with no new inflows for months. Predictions suggest Metaplanet may become the second-biggest BTC holder by year-end, with over 63,000 BTC in its treasury.

Financing Bitcoin Purchases: Metaplanet funds its Bitcoin acquisitions through bond issuances. Recently, the company issued Series 19 ordinary bonds worth $21 million, which were fully subscribed by Evo Fund, a tier-4 venture capital firm supporting Metaplanet's Bitcoin strategy.

Future Plans: Metaplanet's founder, Simon Gerovich, has expressed bullish sentiments, hinting at more BTC purchases in the near future. The company's strategy mirrors that of MicroStrategy, with accelerated BTC buys and a focus on leveraging Bitcoin as a key asset.

Metaplanet Buys Another 1,005 BTC, Enters Top 5 Bitcoin Holders Lost.