#MetaplanetBTCPurchase

Metaplanet, a company listed on the Tokyo Stock Exchange (ticker: 3350.T), acquired 1,112 Bitcoin for $117.2 million, at an average price of about $105,435 per Bitcoin.

This raises its total holdings to nearly 10,000 Bitcoin, surpassing Coinbase as the ninth largest publicly traded Bitcoin fund.

Its total investments in Bitcoin now amount to approximately $947 million, with an average cost of $94,697 per Bitcoin.

To finance this acquisition, Metaplanet issued $210 million in zero-coupon bonds, continuing its ambitious strategy to accumulate Bitcoin.

The company has announced a long-term goal of gathering 210,000 Bitcoin by the end of 2027.

🧭 Importance of this:

Size: Exceeding the value of 10,000 Bitcoin (around $1 billion) elevates it to the ranks of the top 10 global companies owning Bitcoin.

Funding model: The reliance on bonds and potential equity issuance mimics other models like Michael Saylor's strategy - with benefits but also risks of depreciation.

Investor sentiment: Metaplanet's stock jumped over 25% after the news, reflecting market optimism.