- Metaplanet bought 156 more Bitcoin raising its total holdings to 2391 BTC as part of its long-term investment plan.
- The company issued bonds and stock rights to raise funds and expand its Bitcoin reserves for future growth.
- Metaplanet is considering an international listing to make its shares more accessible to global investors.
Metaplanet has acquired 156 Bitcoin today and the purchase cost approximately $13.4 million at the price of $85,890 per Bitcoin. The company holds a total of 2,391 BTC after this acquisition according to its latest statement. This is in line with its strategy to strengthen its cryptocurrency investment.
The firm has spent $196.3 million on Bitcoin since April last year. The average purchase price per Bitcoin stands at $82,100. The purchase resulted in a 13% gain on its investment. The company aims to accumulate 21,000 BTC by 2026.
Funding Strategy and Stock Performance
Metaplanet has adopted several financial measures to support its Bitcoin strategy. It recently issued the 13th to 17th Series of Stock Acquisition Rights to EVO FUND, raising funds for further purchases.
Additionally, the company approved the issuance of the 6th Series of Zero-Coupon Bonds, securing 4 billion yen for Bitcoin investments. The 7th Series of Zero-Coupon Bonds was also approved, raising another 2 billion yen.
The company has also paid off some of its financial obligations early. Between February 18 and 25, it exercised 27.7% of the 13th Series of Stock Acquisition Rights, raising approximately 7.13 billion yen. So far, 5.5% of its long-term “21 Million Plan” has been completed.
Rising Market Position
Metaplanet’s stock performance has reflected its Bitcoin strategy. Since its OTC Markets listing in November, its share price has surged 530%, climbing from $3 to $18.9. It has also seen significant growth on the Tokyo Stock Exchange, rising 1,800% over the past year. The company is now the 14th largest corporate Bitcoin holder globally, according to BitcoinTreasuries.NET data.
Potential International Listing
Metaplanet is considering an international stock listing to enhance investor access. The leaders have met with officials from the NYSE and Nasdaq to explore options. However, the company has not confirmed whether it will proceed with a U.S. listing. Its shares have already been available on OTC Markets since November, increasing accessibility for international investors.
The company continues to position itself as a key player in Bitcoin investment. It remains committed to expanding its cryptocurrency holdings while evaluating strategic financial opportunities.
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