Metaplanet Again Acquires Thousands of Bitcoin Worth US$114 Million
Metaplanet has once again acquired 1,088 Bitcoin (BTC) worth US$114 million at a price of US$107,000 on Monday (02/06). This acquisition brings its total holdings to 8,888 Bitcoin worth US$930 million.
The Japanese investment company has been accumulating Bitcoin since April 2024, targeting to have 10,000 BTC by the end of this year, and 21,000 BTC by the end of next year.
Previously, Metaplanet issued bonds worth US$21 million to buy more Bitcoin. This is part of a broader strategy that has raised US$135 million through debt this year.
This approach is similar to Strategy, the business intelligence company founded by Michael Saylor. They use financing tools to accumulate Bitcoin rather than relying on traditional investments.
