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- Metaplanet continues accumulating BTC, now holding 140,779 coins, with plans to expand its reserves further.
- CEO Simon Gerovich reveals Metaplanet’s $12.5M Bitcoin purchase at $83,508 per coin, totaling 3,200 BTC.
- Metaplanet aims to own 10,000 BTC by 2025, relying on debt, equity, and operational funds for expansion.
Metaplanet Inc. remains to accumulate BTC during bearish days as it increases its holdings bringing the total to 140,779 BTC. The Japanese based company with the market capitalization of ¥175 billion recently bought 150 additional BTC. This is in line with Metaplanet’s plan to increase its holdings of Bitcoin in the future over the next few years.
Metaplanet’s $12.5 Million Investment
CEO Simon Gerovich revealed that the firm had invested in Bitcoins worth $12.5 million. This was attained by purchasing Bitcoin at an average of $83,508 per coin. Thus, Metaplanet currently possesses 3,200 Bitcoin and this outcome constitutes 60,8% of the yield for the current year. This is perceived as one of the biggest long-term strategic bets inside the company when it comes to Bitcoin.
Regarding future acquisitions through Bitcoin, Metaplanet has laid out rather bright plans for its development. The company is expected to own 10,000 BTC by end of year 2025. Moreover, its investment aims to reach twice the current level by the end of the next year. In order to finance these acquisitions Metaplanet is relying on debts, equity infusion and operating cash inflows.
The strategies formulated and implemented in the company have received considerable endorsement. Currently, Metaplanet has more than fifty thousand shareholders who have invested heavily on it. This support also demonstrate that the investor has faith in the company’s ability to increase its Bitcoin portfolio and its finances. Thus, a lot of other analysts thought that Metaplanet has good long term strategy in mind.
In order to support its Bitcoin purchases, Metaplanet issued ¥2 billion zero-percent ordinary bonds. This will help the company in getting more BTC by raising capital which is otherwise a challenge for the company to get. This rather active financial approach will help Metaplanet consolidate its presence on the cryptocurrency market.
Institutional Demand Drives Bitcoin Growth
The decision by Metaplanet occurs when there is increasing demand from institutions to own Bitcoin. The circumstances are that even more and more institutions, including nation-states, pay attention to Bitcoin as to a store of value. According to the report, entities with more than 3.1 million BTC have risen to more than 170. With ever growing consumers, the trading of the Bitcoin is believed to result to growth of the price of the currency.
Metaplanet’s strategy of growing its Bitcoin exposure makes the company one of the leaders of the emerging institutional rush to the cryptocurrency. That way, with a strong support in its back and a clear focus on investments, Metaplanet is preparing itself for taking advantage of the opportunities granted by Bitcoin in the long-term.
