- Metaplanet boosts Bitcoin stash with fresh $54 million purchase.
- Company files to raise $3.6 billion for BTC expansion.
- Target set to hold 100,000 Bitcoins by end-2026.
Japanese public company Metaplanet has made another significant move in its ongoing Bitcoin acquisition strategy. On Monday, the firm confirmed it purchased an additional 463 BTC for $54 million, with each coin acquired at an average price of $101,422.
This is its most recent investment following its previous announcement, revealing on July 28 that it had acquired 3,782 BTC ($424 million) in a single-month purchase.
After these purchases, Metaplanet has increased its total holdings to 8,009 BTC. Based on current valuations, its Bitcoin position is now worth $1.96 billion, making it the sixth-largest institutional holder of Bitcoin worldwide.
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It is currently positioned after Strategy, Marathon Digital Holdings, Twenty One Capital, Bullish, and Riot Platforms. The blistering pace means a concentrated portfolio centred on exposure to long-term digital assets.
On August 1, Metaplanet made a daring capital-raising move in response to future acquisitions. The company registered to issue 555 billion yen of perpetual preferred shares, or approximately $3.6 billion. This crowdfunding project will be a two-year financing, and it will be the largest financing ever done by the company.
Aggressive Bitcoin Target Drives Metaplanet’s Financial Strategy
Metaplanet has openly set a target of acquiring 100,000 BTC by the end of 2026. This corporate guarantee shows a more general trend toward treasury management in corporations, as Bitcoin remains available to institutions.
CEO Simon Gerovich indicated that the business will issue different financial instruments to finance subsequent acquisitions. He clarified that perpetual preferred shares can be issued to increase the value of Bitcoin per share, which is in tandem with the company’s long-term shareholder value objectives.
This systematic measure of accumulating Bitcoins indicates that Metaplanet is setting up a Crypto standard at the heart of its venture. Financing the acquisition of digital assets with equity financing would place the company among a growing number of companies that have adopted Bitcoin into their corporate strategy.
Metaplanet’s $54 million Bitcoin acquisition is a step towards achieving its goal of 100,000 BTC by 2026.
With $1.96 billion in holdings and a multi-billion-dollar capital plan in motion, the company continues to position itself as a leading corporate player in the Bitcoin ecosystem.
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