Metaplanet Acquires Significant Bitcoin Holdings, Rises in Global Rankings
- Metaplanet acquired 5,419 BTC for $632.53 million at an average price of $116,724 per coin.
- The company’s total holdings now stand at 25,555 BTC, valued at approximately $2.91 billion.
- This acquisition places Metaplanet as the fifth-largest corporate holder of Bitcoin globally.
- Funded through a $1.45 billion international share offering, the purchase is part of Metaplanet’s goal to hold 30,000 BTC by year-end and eventually reach 100,000 BTC.
- The company reported a BTC Yield of 95.6% in Q1 and 129.4% in Q2 of this year.
Metaplanet’s strategic acquisition significantly boosts its position among corporate Bitcoin holders worldwide, marking a pivotal step toward its ambitious goals for future holdings and growth in the cryptocurrency market.
(Source)
