Metaplanet Increases Bitcoin Holdings and Considers Expanding to 100,000 BTC by 2027
Main Idea
Metaplanet has increased its Bitcoin holdings by $54 million, acquiring 463 BTC, and aims to accumulate 100,000 BTC by 2027, supported by a $3.6 billion capital raise.
Key Points
1. Metaplanet purchased 463 BTC at an average price of $101,422, bringing its total holdings to 3,782 BTC worth $1.96 billion.
2. The company is now the sixth-largest institutional Bitcoin holder globally.
3. Metaplanet plans to issue $3.6 billion in perpetual preferred shares to fund its goal of holding 100,000 BTC by 2027.
4. CEO Simon Gerovich emphasizes a long-term vision to maximize shareholder value through Bitcoin accumulation.
Description
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