Metaplanet's Bitcoin Bet: 2,100 BTC and Counting

Metaplanet, a Japanese company listed on the stock market, has been aggressively investing in Bitcoin, now owning 2,100 BTC, which represents 0.01% of the total Bitcoin supply. In a recent purchase, the company acquired an additional 68.59 BTC for $6.6 million, averaging $96,335 per BTC. This strategic move underscores Metaplanet's commitment to integrating Bitcoin into its business strategy and financial plans. The company has set an ambitious goal to accumulate 10,000 BTC by the end of 2025.

Metaplanet has raised approximately $20 million in equity capital in the first two trading days of its "21m Plan," further bolstering its Bitcoin strategy. In addition, the company announced a 10-1 stock split, effective April 1, following a reverse 1-for-10 split eight months ago. This decision aims to enhance stock affordability and accessibility for investors after a remarkable 1,370% surge in share price since the reverse split announcement.

Simon Gerovich, Metaplanet's CEO, has personally invested $6.6 million to buy 68.59 BTC for the company. He expressed the company's full commitment to Bitcoin, citing its transparency, stability, and value for investors. Metaplanet's presence in the crypto market is growing, with the company now holding the largest share (6.27%) in the CoinShares Blockchain Global Equity Index, which tracks top blockchain companies.

Concurrently, Metaplanet utilized a significant portion of its 13th series of stock acquisition rights to strengthen its market position. Between February 18 and 19, the company exercised 5,000 rights, representing 11.9% of the total, resulting in 500,000 new shares. There are still 37,000 rights left unused. This step is part of the company's plan to raise more funds for Bitcoin purchases and support long-term growth. The exercise price was adjusted based on market conditions to maintain financial stability.

Metaplanet's stock continues to perform well, currently trading at 6,260 JPY. With its ongoing investment in Bitcoin and strategic financial decisions, the company is solid