Japanese investment firm Metaplanet Inc. announced that it has acquired an additional 319 BTC for $26.3 million. This latest purchase brings its total holdings to 4,525 BTC, acquired for $386.3 million at $85,366 per Bitcoin. Metaplanet’s strategy reflects confidence in Bitcoin’s long-term growth.
Metaplanet Boosts BTC Stash
Metaplanet’s latest acquisition marks its 18th stock acquisition rights series, a method used to raise funds for Bitcoin investments. Since May 2024, the company has steadily acquired Bitcoin, showcasing its commitment. The firm uses a strategic investment strategy and smart financial planning to boost returns and reduce currency risks.
Simon Gerovich, the company’s president, confirmed today via an X post that the firm has acquired an additional 319 Bitcoin (BTC), amounting to approximately $26.3 million for $82,549 per Bitcoin. This latest purchase brings the firm’s total Bitcoin holdings to 4525 BTC, valued at around $386.3 million at $85,366 per Bitcoin.
Funding and Future Prospects
Metaplanet raised funds for its Bitcoin purchases through debt financing, operational cash flow, and equity financing. The company issued bonds to support its Bitcoin buying strategy. For example, the firm recently secured funding to expand its Bitcoin holdings by issuing zero-interest bonds. The issuance marked its 10th series of ordinary bonds, raising $13.33 million to fund further Bitcoin acquisitions.
As a publicly traded company, Metaplanet uses equity financing, such as issuing new shares or other stock market instruments, to support its growth initiatives like the Bitcoin treasury strategy. This diversified funding approach enables the firm to accumulate Bitcoin rapidly.
Earlier this month, the Japanese publicly traded firm entered the crypto market, splashing over $68 million, scooping up about 696 bitcoin (BTC) to mark its largest purchase in history, boosting its portfolio past the 4,000 BTC mark.
Additionally, Metaplanet’s business initiatives, such as its hotel venture and exclusive license for Bitcoin Magazine in Japan, may provide additional revenue streams and support its Bitcoin accumulation strategy. The company promotes Bitcoin awareness and usage, creating a supportive environment for its investment goals.
Metaplanet is currently the largest corporate Bitcoin holder in Asia, earning it the nickname “Asia’s Strategy.” Notably, Strategy, Michael Saylor’s business intelligence firm, remains the world’s largest corporate holder of bitcoin, with over 500k BTC in its stash.
