Breaking News: Metaplanet Inc. Holds 5,000 BTC, Sets Sights on 21,000 within Reach
Metaplanet Achieves 5,000 Bitcoin Milestone, Now Possesses $428 Million Worth of BTC
Here's a rundown on Metaplanet's aggressive Bitcoin strategy:
Metaplanet's Bitcoin Haul
Metaplanet Inc., a Tokyo-based investment firm, has amassed an impressive 5,000 BTC, valued at around $428 million. These holdings were acquired at an average price of $85,621 per coin, demonstrating strategic and timely buying.
In a recent development, the firm purchased an additional 145 BTC for approximately $13.6 million, further moving towards its ultimate goal—the "21 Million Plan."
The 21 Million Plan
Metaplanet's ambitious plan aims to own 21,000 BTC by the end of 2026. This strategic approach emphasizes incremental Bitcoin purchases to optimize entry points and minimize market impact, allowing the company to steadily build its Bitcoin treasury over time.
This painstaking strategy positions Metaplanet as one of the world's top 10 corporate Bitcoin holders in terms of volume. Metaplanet's current 5,000 BTC holding represents the halfway mark towards its 2025 goal of 10,000 BTC, showcasing rapid, effective progress.
Fueling the Bitcoin Buys
Metaplanet has raised nearly $745 million (roughly ¥116 billion) to fund its Bitcoin acquisitions. This substantial capital comes from Asia's largest-ever capital raise. Additionally, $2 billion was raised through 10th Series Ordinary Bonds, earmarked for the EVO FUND for more Bitcoin purchases.
The Road Ahead
With the "21 Million Plan," Metaplanet intends to establish itself as a global leader in corporate Bitcoin holding, leveraging digital assets to drive shareholder value. By accumulating Bitcoin progressively, Metaplanet positions itself at the forefront of the growing institutional adoption of cryptocurrency, solidifying Japan's role in this burgeoning sector.
Stay tuned as Metaplanet continues its meteoric journey towards becoming one of the world's largest corporate Bitcoin holders!
[1]: https://www.bloomberg.com/news/articles/2021-10-22/microsoft-wants-to-hold-more-bitcoin-on-its-balance-sheet-ftx-ceo- says
- Metaplanet Inc., an investment firm based in Tokyo, has taken a significant step in the cryptocurrency market by amassing 5,000 BTC, worth approximately $428 million, demonstrating a strategic approach to investing in Bitcoin.
- The firm's strategy, named the "21 Million Plan," aims to own 21,000 BTC by the end of 2026, a goal that will position Metaplanet as one of the world's top 10 corporate Bitcoin holders.
- Metaplanet's services are not limited to Bitcoin; they have also raised a substantial capital of nearly $745 million (approximately ¥116 billion) for cryptocurrency acquisitions, as well as $2 billion through 10th Series Ordinary Bonds, earmarked for the EVO FUND.
- This strategic use of finance and technology indicates Metaplanet's intention to leverage digital assets to drive shareholder value and establish itself as a global leader in corporate cryptocurrency holding.
- As Metaplanet continues its aggressive Bitcoin buying strategy, it is set to play a crucial role in the growing institutional adoption of cryptocurrency, further solidifying Japan's role in the burgeoning technological finance sector.
