Japanese investment firm Metaplanet has officially crossed the 10,000 BTC mark, overtaking Coinbase to become the 7th largest publicly traded Bitcoin holder, according to Bitbo data.
š On Monday, Metaplanet acquired 1,112 BTC$BTC for Ā„16.88 billion ($117M), bringing its total holdings to 10,000 BTC at an average cost of Ā„13.9 million (~$96,400) per BTC.
š¼ This milestone comes just two weeks after entering the top 10 of corporate BTC holdersāand Metaplanet isn't slowing down.
---
šŖ $210M Bond Issuance to Fuel More BTC $BTC Buys
Metaplanetās $BNB board has approved a massive $210M no-interest bond issuance to fund further Bitcoin acquisitions.
The company now has its eyes set on a bold target: 210,000 BTC by end of 2027. With 10,000 BTC already secured, it plans to purchase an additional 200,000 BTC over the next 18 months.
---
š Stock Soars Over 22% on Tokyo Exchange.
The twin announcementsāmassive BTC buy and bond issuanceāhave lit up the markets.
Metaplanet stock ($3350T) surged 22% on Monday, hitting Ā„1,860.
Year-to-date, the stock is up over 417%, reflecting growing investor confidence in its Bitcoin-centric strategy.
---
š¦ Institutions Still Buying the Dip #MetaplanetBTCPurchase
Even as Bitcoin briefly fell from $110K to $103K due to geopolitical jitters, institutional interest remains strong.
Metaplanetās #MetaplanetBTCPurchase aggressive accumulation strategy is a clear sign that major players still see long-term upside in BTC.
---
š Will Metaplanetās 210K BTC goal spark a new wave of institutional FOMO? #
#Bitcoin #Metaplanet #CryptoNews #BTC #InstitutionalAdoption #CryptoMarkets
