Metaplanet boosts Bitcoin holdings to over 1,000 BTC with a major Investment, raising ¥10 billion through stock sales, signaling strong investor confidence and market growth.
Japan’s early-stage investment firm, Metaplanet, has made headlines by increasing its Bitcoin holdings to over 1,000 BTC. On Monday, October 28, the company announced via an X post that it acquired 156.7 BTC for approximately 1.6 billion yen, or $10.4 million. This recent purchase brings its total Bitcoin holdings to 1,018 BTC, valued at around $67.8 million.
On October 22, Metaplanet sold ¥10 billion, or about $68 million, of stock to expand its operations. This funding will help it purchase more bitcoins, pursue options, and diversify its cryptocurrency portfolio. The firm completed its 11th series of Stock Acquisition Rights, which was an important achievement in its investment plan.
Metaplanet Accumulates More Bitcoin, Signals Positive Market Sentiment
In the last round, 13,774 individual shareholders decided to exercise their rights and participate in the company. These efforts resulted in achieving the target of raising ¥10 billion. This strategy is similar to what MicroStrategy has done, which has been able to increase its Bitcoin reserves through such transactions.
Metaplanet’s recent financial results are worth considering. The firm’s average yield was 41.7 percent from July 1 to September 30, but it rose to as much as 155.8 percent from October 1 to October 28. This rise is attributed to more investors trusting the firm’s investment plan and the growing belief in digital currencies.
After these announcements, Metaplanet’s shares started to rise. They rose 7.46% to 1,153 yen a share. The shares have risen by 13.4% over the last month and have gained a phenomenal 578.2% over the current year. This growth proves investors’ appetite and confidence in this firm’s direction.
Overall, Metaplanet is gradually advancing in the sphere of cryptocurrencies. In terms of the firm’s growth, it has also managed to accumulate more bitcoins and sell its stocks to help it raise capital. Another sign of positive market sentiment is the sharp increase in shares.
There are indications that as the cryptocurrency market unfolds, new strategies adopted by Metaplanet may draw more attention. As such, investors will wait until the firm’s next move and how it will manage itself in the ever-growing crypto space. With its aggressive investment approach, Metaplanet could set new trends in the market.
