Munzir HakimiTable of Contents
Big Bitcoin News
Metaplanet’s Major Purchase
Japan’s Metaplanet has made headlines by acquiring an additional 555 Bitcoin, bringing its total holdings too 5,555 BTC. This latest purchase cost the company approximately $53.4 million, with the total value of its Bitcoin now exceeding $536 million at current market prices. CEO Simon Gerovich highlighted that this aggressive accumulation strategy is part of their long-term vision for growth.
- the average price paid per Bitcoin is around $86,672.
- To support ongoing acquisitions, Metaplanet plans to issue another $25 million in zero-coupon bonds.
Expansion Plans
Along with its remarkable Bitcoin holdings, Metaplanet announced plans for a new US subsidiary named Metaplanet Treasury, based in Florida. This entity aims to raise up to $250 million and further engage with US capital markets.
- Currently ranked as Asia’s largest public corporate holder of Bitcoin and 11th globally.
- Recent acquisitions include 696 BTC for $67 million and 330 BTC for $28.2 million earlier this year.
Final thoughts
Looking Ahead
Metaplanet’s strategic moves signal a strong commitment to expanding its influence in the cryptocurrency market while enhancing shareholder value through innovative financing methods and notable asset accumulation.
Reference
- Cointelegraph: Metaplanet reaches 5,555 Bitcoin milestone
- Cointelegraph: Metaplanet announces US subsidiary
