#MetaplanetBTCPurchase Japanese investment firm, has made a significant move in the crypto world by acquiring 1,112 Bitcoin worth around $117 million. This purchase brings their total Bitcoin holdings to over 10,000 BTC, ranking them 7th globally among public companies with Bitcoin treasuries, surpassing Coinbase.
*Key Highlights:*
- *Total Holdings:* Metaplanet now holds over 10,000 BTC, valued at approximately $1.17 billion.
- *Zero-Interest Bond Strategy:* The company has issued $210 million in zero-interest bonds to further invest in Bitcoin, demonstrating long-term conviction.
- *Future Plans:* Metaplanet aims to accumulate 210,000 BTC by the end of 2027, targeting the #2 spot among public BTC holders.
- *Stock Performance:* Following the announcement, Metaplanet's stock surged 20%, hitting 1,860 JPY, with year-to-date gains of 417%.¹
This strategic move reflects growing institutional confidence in Bitcoin's long-term value and its role as a hedge during economic uncertainty. What do you think about companies issuing debt to accumulate BTC? Is it a smart hedge against inflation or a risky bet that amplifies exposure to volatility?
