Metaplanet announced the acquisition of another 1,005 BTC, bringing its total holdings to 13,350 BTC. In the first half of the year, the company significantly exceeded its purchase plans.
New BTC Acquisitions
Metaplanet acquired another 1,005 BTC, reaching a total of 13,350 BTC. The Japanese company executed four rounds of purchases in June and is now ranked seventh among major corporate treasuries. Furthermore, Metaplanet has surpassed Tesla in terms of holdings.
Company's Financial Strategies
To finance additional BTC purchases, Metaplanet is also looking to manage its debts and improve its balance sheet. The company issued Series 19 of its ordinary bonds for $21 million to redeem an earlier series of bonds.
Metaplanet's Future Prospects
With the accelerated BTC purchases and price growth, Metaplanet may become the second-largest BTC holder. Predictions suggest that by the end of the year, their treasury could exceed 63,000 BTC. The company's stock prices may continue to rise depending on bullish scenarios for BTC.
Thus, Metaplanet is actively increasing its BTC holdings and demonstrating ambitious financial strategies, which may positively influence market positions and prices.
