Metaplanet Shares Jump Nearly 10% After New $108 Million Bitcoin Buy
2025-06-30 07:47:43
Main Idea
Metaplanet, a Tokyo-listed investment firm, has increased its Bitcoin reserves by purchasing 1,005 BTC for approximately $108 million, bringing its total holdings to 13,350 BTC and making it the fifth-largest publicly traded corporate holder of Bitcoin.
Key Points
1. Metaplanet purchased 1,005 BTC for around $108 million, averaging $107,601 per BTC.
2. The company's total Bitcoin holdings now stand at 13,350 BTC, valued at approximately $1.45 billion at current market rates.
3. Metaplanet aims to accumulate 210,000 BTC by the end of 2027.
4. The purchase was partially financed through the issuance of ¥30 billion ($208 million) in zero-coupon bonds maturing in 2025.
5. Metaplanet has surpassed CleanSpark to become the fifth-largest publicly traded corporate holder of Bitcoin.
Description
Tokyo-listed investment firm, Metaplanet, has once again expanded its Bitcoin reserves with the purchase of 1,005 BTC for approximately $108 million. The latest acquisition has pushed its total holdings to 13,350 BTC, surpassing CleanSpark to become the fifth-largest publicly traded corporate holder of Bitcoin. Metaplanet Expands Bitcoin Stash In a statement, the company’s CEO, Simon Gerovich, disclosed it paid an average of around $107,601 per BTC in its latest purchase, with the total stash cu...
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