#MetaplanetBTCPurchase
๐จ Metaplanet reaches 10,000 Bitcoin after purchasing an additional 1,112 BTC!
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๐ฐ Details:
โ Metaplanet purchased 1,112 Bitcoin worth $117.2 million, raising its total holdings to 10,000 BTC.
โ The deal was financed through the issuance of $210 million in interest-free bonds for the EVO Fund.
โ The company surpassed its 2025 target six months ahead of schedule, strengthening its strategy for accumulating Bitcoin.
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๐ Why is this important?
๐น Metaplanet has become the largest Bitcoin holding company in Asia, surpassing Coinbase.
๐น This may lead to increased institutional demand for Bitcoin.
๐น The company has raised its new targets to 100,000 BTC by 2026 and 210,000 BTC by 2027.
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๐ Market implications:
๐ฐ We may see a rise in Bitcoin's price with new capital entering the market.
โ๏ธ This strengthens Metaplanet's position as one of the largest institutional investors in BTC.
๐ก It may encourage other companies to adopt Bitcoin as a reserve asset.
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