Metaplanet, a Japanese investment firm, has solidified its position as a major institutional Bitcoin holder by acquiring an additional 1,112 BTC, bringing its total holdings to 10,000 BTC (worth approximately $1.17 billion at current prices). This move propels Metaplanet ahead of Coinbase (9,267 BTC) as the seventh-largest corporate BTC holder globally.
Key Developments in Metaplanet’s Bitcoin Strategy
1. $1.17 Billion Bitcoin Purchase
- The company invested ¥16.88 billion ($117 million)** in its latest acquisition, with an average purchase price of **¥13.9 million ($96,400) per BTC.
- Metaplanet’s BTC reserves now represent 4.76% of its 210,000-BTC long-term target (to be achieved by 2027).
2. Zero-Coupon Bond Issuance for BTC Accumulation
- Approved a $210 million zero-interest bond offering to fund further Bitcoin purchases.
- Plans to acquire 200,000 additional BTC over the next 18 months.
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Market Impact and Price Surge
- Stock Performance: Metaplanet’s shares (TSE: 3350) surged 22% to ¥1,860 following the announcements, marking a 417% year-to-date increase.
- Institutional Demand: Despite geopolitical tensions causing a brief BTC price drop (from $110K to $103K), institutional inflows remain robust, with $1.3 billion added to Bitcoin ETFs last week.
Broader Implications for Bitcoin Adoption
- Michael Saylor’s Perspective: Highlighted continued institutional interest, with MicroStrategy (the largest corporate holder) planning further BTC acquisitions.
- Market Potential: Bitwise CEO Hunter Horsley predicts Bitcoin could surpass the $30 trillion Treasury market as a store of value.
FAQ: Metaplanet’s Bitcoin Holdings
Q1: How does Metaplanet’s BTC stack compare to other companies?
A: Metaplanet now ranks 7th, trailing only MicroStrategy (214,246 BTC), Tesla, and private firms like Block.one.
Q2: Why issue bonds to buy Bitcoin?
A: Zero-coupon bonds allow Metaplanet to raise capital without immediate interest obligations, aligning with its long-term BTC accumulation strategy.
Q3: What’s driving Metaplanet’s stock price surge?
A: Investor confidence in its aggressive Bitcoin strategy and the asset’s appreciating value.
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