#MetaplanetBTCPurchase #MetaplanetBTCPurchase

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

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

Its total investment in Bitcoin now amounts to nearly $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 acquiring 210,000 Bitcoins by the end of 2027.

🧭 Importance of this:

Size: Exceeding a value of 10,000 Bitcoins (approximately $1 billion) elevates it to the ranks of the top 10 global companies holding Bitcoin.

Financing model: Relying on bonds and the potential issuance of stock 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.