Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing

Share This Post

The post Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing appeared first on Coinpedia Fintech News

Metaplanet Inc. (Tokyo: 3350), a fast-growing company through a Bitcoin (BTC) treasury strategy, has strengthened its balance sheet with more Bitcoins amid the ongoing market correction. The mid-capped company, with a market capitalization of about ¥175 billion, announced an acquisition of an additional 150 Bitcoins.

According to Simon Gerovich, the CEO of Metaplanet, the company spent around $12.5 million to acquire additional Bitcoins at an average price of about $83,508. Consequently, Metaplanet has now accumulated 3,200 Bitcoins and achieved a BTC Yield of 60.8 percent year-to-date. 

Metaplanet Enrute to 10k Bitcoins 

As Coinpedia previously reported, Metaplanet aims to accumulate 10k Bitcoins by the end of 2025 and double the trove by the end of next year. The company has been using debt financing, equity issuance, and operational income to accumulate as many BTCs as possible. 

Worth noting that Metaplanet has attracted over 50k shareholders, with top recommendations from Strategy, formerly MicroStrategy. 

Earlier today, Metaplanet announced the issuance of ¥2 billion zero percent ordinary bonds to purchase additional Bitcoins.

Market Impact

Bitcoin price has significantly benefited from the rising demand from institutional investors and nation-states to manage their treasuries. As of this writing, around 170 entities hold over 3.1 million Bitcoins in treasury, according to bitcointreasuries.net.

With the diminishing supply of Bitcoin, through the halvings, amid the rising demand, the overall price action will eventually be bullish in the long haul. Furthermore, Bitcoin price will mirror Gold’s price action, which is currently in the price discovery phase after hitting a new all-time high earlier today.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Elon Musk Reveals Government Has ‘Magic Money Computers’ Printing Trillions out of Thin Air

As part of DOGE’s crusade to curb waste and fraud, Musk noted he found around 14 “magic money computers” that can print money out of thin air to make federal payments without any

Crypto firms aiming for banking licenses under Trump administration

Fintech and crypto firms are actively pursuing state and national banking licenses under President Donald Trump’s administration to gain regulatory approval that was previously slow to

Solana Faces Criticism—Removes Ad Following Backlash On Gender Identity

There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out The ad, which aired on March 17, was quickly taken down because it made

Mantle Price Prediction 2025, 2026 – 2030: Will MNT Price Hit $2 This Year?

The post Mantle Price Prediction 2025, 2026 – 2030: Will MNT Price Hit $2 This Year appeared first on Coinpedia Fintech News Story Highlights The live price of the Mantle crypto is MNT price

Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?

Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists Bulls have lost control, and speculation about a

Crypto․com Pushes Through 70 Billion CRO Re-Mint Despite Community Backlash

Cryptocom has greenlit the controversial re-minting of 70 billion CRO tokens, overriding widespread community opposition with a last-minute surge in validator votes controlled by the exchange