#MetaplanetBTCPurchase V Monday Metaplanet announced that it purchased Bitcoin

BTC

$107,013

for 16.88 billion Japanese yen (117 million dollars). The company now owns 10,000 Bitcoins, surpassing Coinbase with 9,267 Bitcoins, according to data from Bitbo. The average price of the 10,000 BTC owned by Metaplanet is now 13.9 million Japanese yen, which is approximately 96,400 dollars per Bitcoin.

This occurred just two weeks after Metaplanet became the eighth largest corporate holder of Bitcoin.

Metaplanet issues bonds worth 210 million dollars to purchase Bitcoin

This happened on the same day that Metaplanet announced its board had decided to issue interest-free bonds worth 210 million dollars and that this amount was raised to buy more Bitcoins.

The company has radically revamped its strategy regarding Bitcoin in recent months and now intends to hold 210,000 BTC by the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will need to buy another 200,000 BTC over the next 18 months.

Metaplanet's shares increased by more than 20%

The repeated announcement led to a dramatic increase in Metaplanet's stock price during the day.

Metaplanet's shares (3350T) rose by more than 22% on the Tokyo Stock Exchange on Monday, hitting a peak of 1,860 Japanese yen. Metaplanet's shares have seen an increase of more than 417% since the beginning of the year.