Tokyo-based Metaplanet has announced the acquisition of an additional 150 Bitcoin, raising its reserves to 3,200 BTC, through a new bond issuance.
Metaplanet's New Bitcoin Strategy
Metaplanet’s board approved a bond issuance of 2 billion yen to fund the Bitcoin purchase. These bonds are set to mature on September 17, demonstrating the company's focus on strengthening its financial base.
Metaplanet’s Long-Term Bitcoin Goals
Previously, Metaplanet amassed 2,300 Bitcoin at an average cost of $83,107 each. The firm aims to reach a total of 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by 2026. Despite a 33.17% drop in monthly stock performance, the company boasts a 1,915% increase over the past year.
Significance of Metaplanet's Actions
Simon Gerovich, part of Metaplanet’s leadership team, emphasized the importance of this acquisition, positioning the company among the world’s top 10 public Bitcoin holders. Metaplanet aims to be the largest public Bitcoin holder in Asia and plans to transform its Tokyo hotel into 'the Bitcoin Hotel'.
Metaplanet’s proactive measures signal a commitment to long-term growth and diversification strategies, drawing keen interest from market analysts.
