Metaplanet continues to expand its investment in bitcoin, leading to a significant increase in stock prices. Recent financial moves highlight the company's strategic commitment to the cryptocurrency market.
Metaplanet's New Purchase
Metaplanet announced the acquisition of 124.117 bitcoins for 1.75 billion yen. This increase brought the company's total bitcoin holdings to 1,142.287 BTC, currently valued at 11.372 billion yen (approximately $73 million).
Purchase History and Financial Strategies
Metaplanet began investing in bitcoin in May 2024 as a response to economic volatility. The company has conducted 11 rounds of stock acquisition rights, with the latest raising 11 billion yen. They also announced new bond issuance plans, with proceeds solely dedicated to bitcoin acquisitions.
Financial Growth and Company Outlook
Following the recent bitcoin purchase announcement, Metaplanet's shares rose by 15%, reaching 2,295 yen, just under $15. This increase underscores the company's successful strategy of using bitcoin as a treasury reserve asset.
Metaplanet is actively strengthening its position in the crypto market, which positively impacts its financial performance and investor appeal.
