Metaplanet Expands Bitcoin Holdings Again In Steady March Toward Bold 2027 Goal
Main Idea
Japanese investment firm Metaplanet has expanded its Bitcoin holdings by acquiring an additional 463 BTC, increasing its total stash to 17,595 BTC worth over $2 billion, as part of its long-term Bitcoin acquisition strategy.
Key Points
1. Metaplanet acquired an additional 463 BTC, bringing its total holdings to 17,595 BTC at an average price of $101,422 per Bitcoin.
2. The Tokyo-listed firm has spent approximately $1.78 billion on its Bitcoin position, with the latest purchase priced at $115,895 per BTC.
3. Metaplanet filed to raise up to $3.7 billion to further its Bitcoin buying strategy, aiming to continuously grow Bitcoin per share.
4. The company has set new Bitcoin accumulation goals of 100,000 BTC by year-end and 210,000 by 2027, replacing its earlier target of 21,000 BTC by 2026.
5. Metaplanet CEO Simon Gerovich emphasized the goal of having multiple tools to raise capital for Bitcoin purchases, aligning with the firm's Bitcoin standard strategy.
Description
Japanese Bitcoin treasury firm Metaplanet has acquired an additional 463 BTC, expanding its treasury as part of its long-term commitment to buy up the world’s largest cryptocurrency ahead of a key target next year. Metaplanet started acquiring Bitcoin in April 2024 and has since leaned heavily into a treasury strategy modeled after public companies like
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