Metaplanet, a leading Japanese investment firm, recently purchased an additional 330 Bitcoins for $28 million, bringing its total holdings to 4,855 Bitcoins. The company aims to acquire 21,000 Bitcoins by 2026 and announced plans to raise approximately $750 million through an equity capital raise, marking it as the largest effort of its kind in Asia for Bitcoin. CEO Simon Gerovich highlighted Metaplanet’s impressive year-to-date Bitcoin yield of 119.3%. Currently, Metaplanet ranks as the largest Bitcoin holder in Asia, holding 0.020% of the total Bitcoin supply, and aims to lead in the cryptocurrency Market rather than selling its assets.
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Metaplanet Boosts Bitcoin Holdings with $28 Million Purchase
Metaplanet, a leading Japanese investment firm, has recently added 330 Bitcoins to its portfolio, totaling around $28 million. This acquisition comes as part of their ambitious plan to hold 21,000 Bitcoins by 2026. Simon Gerovich, the CEO of Metaplanet, announced the purchase via a post on social media platform X, revealing that the company bought these Bitcoins at an average price of $85,605 each.
Impressive BTC Yield Achieved
Gerovich highlighted that Metaplanet has achieved a remarkable BTC Yield of 119.3% year-to-date. The firm currently holds a total of 4,855 Bitcoins, which represents an investment of around $414.5 million, acquired at an average price of $85,386 per Bitcoin. This strong performance solidifies Metaplanet’s position as the largest Bitcoin holder in Asia, capturing 0.020% of the total Bitcoin supply.
Global Ranking and Future Plans
According to CoinGecko, Metaplanet ranks 10th globally in Bitcoin holdings, following eight US-based companies and one from Canada. The firm aims to acquire 21,000 Bitcoins as part of its strategy, which began with the issuance of ¥2 billion ($13.3 million) in zero-interest ordinary bonds. This funding will support their goal of making further Bitcoin purchases.
In Gerovich’s words, “BTC Yield is the foundation of our strategy… Our mission is to maximize Bitcoin per share for our shareholders. We are here to accumulate and lead, not sell.” They plan to raise about ¥116.65 billion (approximately $750 million) through various initiatives to bolster their Bitcoin strategy.
Overall, Metaplanet’s recent purchases and ambitious plans underscore its commitment to expanding its Bitcoin holdings and maintaining a leading role in the cryptocurrency landscape.
Keywords: Metaplanet Bitcoin, Bitcoin investment, Bitcoin holdings news
Secondary Keywords: Japanese investment firm, BTC Yield, cryptocurrency strategy
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FAQ about Metaplanet’s Acquisition of Bitcoin
What did Metaplanet buy?
Metaplanet acquired 330 Bitcoin for about $28 million. This shows they are putting money into digital currency.
Why did Metaplanet buy Bitcoin?
Metaplanet believes that Bitcoin is a good investment for the future. They think it can help grow their business and provide new chances.
How does this purchase affect Metaplanet?
Buying Bitcoin can help increase Metaplanet’s assets. It might attract more investors and improve their Market position.
Is Bitcoin a safe investment?
Bitcoin can be risky because its price goes up and down a lot. However, some people see it as a good long-term investment.
Where can I learn more about Metaplanet and Bitcoin?
You can check financial news websites, cryptocurrency blogs, and Metaplanet’s official announcements for more detailed information.
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