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Metaplanet Goes Big—$53.4M BTC Buy + $250M US Expansion

By: fxleaders|2025/05/09 20:00:21
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Japanese company Metaplanet has bought 555 Bitcoin ( BTC ) at an average price of $96,134, totalling $53.4 million. This brings Metaplanet’s total BTC holdings to 5,555 coins, worth around $574 million at current prices. Their average purchase price across all buys is $86,672. These big buys make Metaplanet the 12th largest public corporate holder of Bitcoin and the 11th largest corporate holder of Bitcoin in the world, according to BitcoinTreasuries.net . This is a trend we’re seeing more and more corporations follow as they diversify their reserves in the face of inflation and monetary policy uncertainty. Metaplanet’s stock (TSE: 3350) has gone up 1,600% in the past year and is now trading at 511 Japanese yen ($3.50), according to Google Finance. Zero-Coupon Bonds To fund more Bitcoin buys Metaplanet will issue $21.25 million of zero-coupon ordinary bonds on May 9. These bonds have no interest but are sold at a discount and can be used to reinvest upfront. All proceeds from the bond sale will be used to buy more Bitcoin. Key points: Metaplanet will also issue its 14th Stock Acquisition Rights to EVO Fund, a Cayman Islands based investment management firm, with redemption on November 7. U.S. Expansion Metaplanet will establish Metaplanet Treasury, a fully owned U.S. subsidiary in Florida and raise $250 million in the U.S. capital markets to strengthen its Bitcoin centered balance sheet. This is similar to what other Bitcoin forward companies like MicroStrategy and GameStop are doing. Other companies that are pivoting to Bitcoin treasuries: Metaplanet is just getting started.

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