Japanese investment firm Metaplanet has once again made headlines by acquiring 2,205 BTC for approximately $240.8 million. This consolidates its position as one of the largest corporate holders of Bitcoin in the world.
Acquisition of Bitcoin
With the recent acquisition of 2,205 BTC, Metaplanet's total holdings have now reached 15,555 BTC, valued at $1.69 billion. The company has been actively increasing its reserves in Bitcoin, demonstrating confidence in its long-term value.
Financing through Bonds
To fund these large-scale Bitcoin purchases, Metaplanet has employed innovative financial strategies. A key approach has been the issuance of zero-coupon bonds, which do not pay interest and are sold at a discount. This enables the firm to raise capital without incurring additional interest expenses, allowing for full deployment into Bitcoin investments.
Metaplanet's BTC Accumulation Goals
Following this latest purchase, Metaplanet is closer to its ambitious goal of acquiring 210,000 BTC by 2027. The company has outlined a strategic plan to steadily build its Bitcoin treasury, reshaping its financial profile and setting an example for other firms considering Bitcoin as a treasury reserve asset.
Thus, Metaplanet continues to actively invest in Bitcoin, signaling a strategic approach to long-term financial stability and strengthening its market position.
