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MetaplanetBTCPurchase
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#MetaplanetBTCPurchase Metaplanet's Bitcoin purchase strategy is quite ambitious. Here's what we know ¹ ²: - *Total Holdings*: Metaplanet currently holds 10,000 BTC, valued at approximately $96,400 per Bitcoin, surpassing Coinbase's 9,267 BTC holdings. - *Recent Purchase*: The company recently acquired 1,112 BTC for $117 million, bringing its total holdings to 10,000 BTC. - *Future Plans*: Metaplanet aims to hold 210,000 BTC by the end of 2027, requiring it to buy an additional 200,000 BTC over the next 18 months. - *Bond Issuance*: To fund this endeavor, Metaplanet has issued $210 million in zero-interest bonds, with the funds allocated for purchasing more Bitcoin. - *Stock Performance*: The company's stock has rallied over 20% after announcing its Bitcoin purchase plan, with a year-to-date increase of over 417%. Metaplanet's aggressive Bitcoin acquisition strategy has positioned it as a significant player in the corporate Bitcoin treasury space, second only to MicroStrategy in terms of potential holdings ¹.
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