#MetaplanetBTCPurchase
Metaplanet, a Japanese Bitcoin investment firm, has been aggressively accumulating Bitcoin (BTC) in recent months. Here's an update on their latest purchases ¹:
- *Current Holdings*: Metaplanet currently holds 4,525 BTC, valued at approximately $377.45 million, making it the 10th largest corporate holder of Bitcoin.
- *Recent Purchases*: The firm has made several significant BTC purchases, including:
- 57.103 BTC: Purchased for 500 million yen (roughly $3.4 million) at an average price of $59,300 per BTC.
- 108.999 BTC: Purchased at an average price of $61,689 per token, worth roughly $6.62 million.
- 124.117 BTC: Purchased at an average price of $91,713 per token, totaling $11.3 million.
- *Future Plans*: Metaplanet aims to acquire 10,000 BTC by the end of 2025, worth approximately $1 billion at current prices. To achieve this goal, the firm plans to raise funds through bond issuances and stock options offerings.
- *Financing*: Metaplanet has issued bonds worth 4.5 billion yen (approximately $29.25 million) to purchase more BTC and has also taken out a 1 billion yen ($6.7 million) loan to allocate towards Bitcoin purchases.
- *Stock Performance*: The firm's stock has surged 1,177.78% in the past year and is up 3.5% year-to-date, reflecting its successful Bitcoin accumulation strategy.
Metaplanet's aggressive BTC purchasing strategy has paid off, with its stock price reaching an all-time high of 4,935 yen ($31.55). The firm's CEO, Simon Gerovich, remains confident in Bitcoin's potential and continues to accumulate BTC through various financial instruments.
