Metaplanet's bold Bitcoin purchase is making waves in the crypto world. Here's what's happening ¹ ²:
- $5.4 Billion Plan: Metaplanet aims to raise $5.4 billion to buy Bitcoin, targeting 210,000 BTC by 2027, which would make it the second-largest holder behind MicroStrategy.
- *Recent Purchases*: Metaplanet acquired 1,112 BTC for $117.2 million and 1,088 BTC for $117.3 million, bringing its total holdings to 10,000 BTC, worth approximately $947 million.
- *Bond Issuance*: The company plans to issue $210 million in zero-interest bonds to fund further Bitcoin purchases.
- *Stock Performance*: Metaplanet's stock surged over 408% since the beginning of the year, reflecting growing investor confidence in its Bitcoin strategy.
