All articles tagged with #metaplanet
Metaplanet, a Tokyo-based company, has increased its Bitcoin holdings to 10,000 BTC, surpassing Coinbase to become the ninth-largest publicly traded Bitcoin holder, with recent purchases funded by a $210 million bond issuance and demonstrating strong Bitcoin yield performance.
Metaplanet's shares surged over 12% after announcing a plan to raise $5.4 billion to acquire up to 210,000 Bitcoin by 2027, potentially making it the second-largest public holder of Bitcoin, with its stock rising significantly following the news.
The week saw significant developments in the crypto world, including Metaplanet’s plan to acquire 100,000 BTC by 2026, Gemini’s IPO filing, the arrest of a French crypto kidnapping suspect in Morocco, a court victory for the SEC against a crypto scammer, and James Wynn’s $25M loss on leveraged Bitcoin trading amid market volatility.
MicroStrategy has acquired 51,780 Bitcoin for $4.6 billion, bringing its total holdings to 331,200 BTC, valued at over $24 billion. This move underscores the company's strategy of using Bitcoin as a reserve asset to enhance stock value. Concurrently, Metaplanet issued $11.4 million in bonds to fund its Bitcoin purchases, joining other companies like Tesla and Block Inc. in adopting Bitcoin as a long-term asset. Metaplanet aims to establish a significant Bitcoin treasury in Asia.