Metaplanet boosts Bitcoin commitment via ¥3.6 billion bond issuance
JapaneseBitcoin guardians Metaplanet are turbocharging their crypto gathering mission by offering another ¥3.6 billion ($23 million) in bonds to purchase more Bitcoin.
Known for their fierce Bitcoin accumulation strategy, Metaplanet has already amassed over 5,000 BTC in their treasury and wants to add another 5,000 BTC by the end of 2025. This is part of their larger ambition to possess a whopping 10,000 BTC by 2025 and an even more staggering 21,000 BTC by 2026.
The recent bond issue comes as Metaplanet also set up Metaplanet Treasury Corp., a subsidiary based in Miami, Florida, aimed at acquiring Bitcoin with an operating capital of $250 million.
Metaplanet's aggressive strategy mirrors that of other Bitcoin-centric firms, with many companies aiming to stockpile Bitcoin ahead of potential price surges. Indeed, strategy aficionados have recently been purchasing lots of Bitcoin, with one such company adding 15,355 BTC for a cool $1.4 billion.
Metaplanet's push for Bitcoin is reminiscent of a broader trend among institutional players who view Bitcoin as a safeguard against economic turmoil, particularly in Asia. So far, their efforts have seen them climb to the top 10 of global publicly traded Bitcoin holders.
CEO Simon Gerovich summed up their mission nicely: "We will lead the global bitcoin race from Japan." Despite market volatility, Gerovich remains confident in their long-term strategy, stating, "We are steadily executing on a clear strategy."
- Metaplanet, the Japanese Bitcoin guardians, are planning to invest another $23 million in bonds to increase their Bitcoin holdings.
- Their objective is to amass an additional 5,000 BTC by the end of 2025, adding to the 5,000 BTC they've already accumulated.
- The company aims to reach a staggering 10,000 BTC in their treasury by 2025, and 21,000 BTC by 2026.
- Metaplanet Treasury Corp., a subsidiary based in Miami, Florida, has been set up with an operating capital of $250 million for Bitcoin acquisition.
- Other Bitcoin-centric firms are also adopting similar stockpiling strategies, anticipating potential price surges in the crypto market.
- Institutional players, particularly in Asia, are viewing Bitcoin as a safeguard against economic instability, a trend evident in Metaplanet's aggressive Bitcoin accumulation.
- Led by CEO Simon Gerovich, Metaplanet aspires to lead the global Bitcoin race from Japan, with a clear strategy they are confident in, despite market volatility.
