#MetaplanetBTCPurchase Metaplanet's latest Bitcoin purchase has propelled the company to a significant milestone, surpassing Coinbase's Bitcoin holdings. Here's what's happening ¹ ²:
- *10,000 BTC Milestone*: Metaplanet now holds 10,000 Bitcoins after acquiring an additional 1,112 BTC for approximately $117.2 million at an average price of $105,435 per coin.
- *Surpassing Coinbase*: With this purchase, Metaplanet has overtaken Coinbase Global, which holds around 9,267 BTC, making it the 7th-largest public Bitcoin holder.
- *Bond Issuance*: Metaplanet announced its 18th series of ordinary bonds worth $210 million, with the funds raised scheduled to be allocated toward purchasing more Bitcoin.
- *Ambitious Roadmap*: The company aims to hold 210,000 BTC by the end of 2027, equivalent to 1% of Bitcoin's total supply, and has unveiled plans for a $5.4 billion equity offering to support this goal.
- *Stock Performance*: Metaplanet's shares surged over 17% to 1,769 yen after the announcement, reflecting investor enthusiasm around its Bitcoin-heavy strategy. The stock has risen more than 408% since the beginning of the year.
Metaplanet's aggressive Bitcoin accumulation strategy is positioning it as a significant player in the cryptocurrency market ² ³.