Metaplanet Acquires Additional 1,234 BTC, Total Holdings Now 12,345
- Metaplanet acquires 1,234 Bitcoin at $107,557 each, surpassing Tesla’s holdings.
- Firm pivots to Bitcoin-focused strategy, planning to hold 1% of BTC supply by 2027.
- Equity surges 500% since strategy shift in April 2024.
Metaplanet’s $132.7 Million Bitcoin Purchase
Metaplanet Inc., a Tokyo-listed investment firm, has acquired 1,234 Bitcoin for approximately $132.7 million, bringing its total BTC holdings to 12,345.
Metaplanet’s bold move reflects the growing trend of using Bitcoin as a corporate treasury asset, positioning firms as Bitcoin proxies and increasing market activity.
Targets 1% of Bitcoin Supply by 2027
Metaplanet Inc., under new strategic direction, has become a key Bitcoin player, aiming to acquire up to 1% of Bitcoin’s total supply by 2027. The acquisition of 1,234 BTC was completed at an average price of $107,557 per Bitcoin.
The company has pivoted from hospitality to focus on Bitcoin investment, with no public statements from its CEO, but confirmation comes through official regulatory filings.
Metaplanet Ranks Higher Than Tesla in BTC
Metaplanet’s latest acquisition has elevated its standing among major Bitcoin holders, placing it ahead of Tesla in publicly traded companies’ BTC rankings. Market observers see this as a catalyst for greater BTC adoption in corporate treasuries.
Metaplanet’s acquisition has not only surpassed Tesla’s holdings but has marked a significant milestone in corporate Bitcoin investment.
The ongoing “555 Million Plan” signals a commitment to Bitcoin, with $517 million garnered in a recent equity raise featuring EVO Fund backing, highlighting a serious industry shift toward Bitcoin.
MicroStrategy’s Blueprint Influences BTC Strategy
Similar strategic moves have been seen with MicroStrategy, which also leverages equity to fund Bitcoin purchases. MicroStrategy’s approach is considered a blueprint for corporate Bitcoin investments.
Historical trends suggest that large corporate Bitcoin acquisitions can lead to short-term price surges in BTC—and possibly stimulate interest in Bitcoin-centric stocks.
Metaplanet’s move signals continued corporate interest in Bitcoin, potentially influencing future crypto investments and market dynamics.
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