Metaplanet Adds 518 BTC, Total Bitcoin Reserves Cross 18,000 Mark
Main Idea
Metaplanet, a Japanese investment firm, has increased its Bitcoin holdings to 18,113 BTC as part of its aggressive strategy to accumulate 210,000 BTC by 2027, leveraging various financial instruments to fund its purchases.
Key Points
1. Metaplanet acquired an additional 518 BTC, bringing its total holdings to 18,113 BTC ($2.1 billion).
2. The company shifted from hotel management to digital assets under CEO Simon Gerovich in 2024, adopting a strategy similar to MicroStrategy.
3. Metaplanet's '555 Million Plan' aims to accumulate 210,000 BTC (1% of total Bitcoin supply) by 2027, upgrading from its earlier '21 Million Plan' targeting 21,000 BTC by 2026.
4. The firm raised funds through zero-interest convertible bonds, warrants, and preferred shares to finance its Bitcoin purchases.
5. Metaplanet's strategy reflects its belief in Bitcoin as a hedge against currency depreciation, positioning it as a major corporate Bitcoin holder in Asia.
Description
Metaplanet , a publicly traded Japanese investment firm listed on the Tokyo Stock Exchange, has deepened its bet on Bitcoin with the purchase of an additional 518 BTC , lifting its total holdings to 18,113 BTC ($2.1b). The company, which pivoted from hotel management to digital assets under CEO Simon Gerovich in 2024, has emerged as one of Asia’s most aggressive corporate Bitcoin accumulators. Gerovich, a former Goldman Sachs derivatives trader, has steered the firm toward a bold treasury strate...
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