Metaplanet Surges 10.74% as Bitcoin Holdings Reach 13,350 BTC

Metaplanet, a Japan-based company, has significantly expanded its Bitcoin holdings by acquiring an additional 1,005 BTC for approximately $108.1 million. This purchase brings the company's total Bitcoin holdings to 13,350 BTC, valued at nearly $1.31 billion at an average price of $97,832 per Bitcoin. With this acquisition, Metaplanet has surpassed Galaxy Digital and miner CleanSpark to become the fifth largest corporate Bitcoin holder.

Metaplanet's aggressive Bitcoin acquisition strategy has yielded impressive results. The company reported a BTC yield of 129.4% for the current quarter and an impressive 348.8% year-to-date. CEO Simon Gerovich highlighted the success of the company's Bitcoin strategy, noting that it has generated significant value for shareholders. Gerovich also confirmed plans to continue making accelerated Bitcoin purchases to further enhance shareholder value.

Metaplanet's recent Bitcoin purchases have positioned it as a major player in the corporate Bitcoin holdings landscape. Last week, the company surpassed Tesla in Bitcoin holdings after acquiring 1,234 BTC worth $132.7 million. This rapid accumulation of Bitcoin has propelled Metaplanet to the fifth position in the rankings of corporate Bitcoin holders.

In addition to its Bitcoin acquisitions, Metaplanet has announced plans to issue the 19th Series of ordinary bonds to EVO FUND. The proceeds from this bond issuance will be partially used for a buyback and cancellation of the 3rd series of ordinary bonds. The remaining funds will be allocated to purchase more Bitcoin, with the company aiming to claim the fourth position in the top 10 corporate Bitcoin holders list.

Metaplanet's ambitious Bitcoin acquisition strategy includes the Accelerated 2025-2027 Bitcoin Plan, which involves issuing 555 million shares and raising $5.4 billion. The company aims to hold 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by the end of 2027. To support this aggressive expansion, Metaplanet has approved up to $5 billion in capital injection for its US subsidiary, with a focus on expanding operations in Florida.

Despite initial market skepticism, Metaplanet's stock price has shown significant resilience. The company's stock price closed at 1,650 yen on Monday, marking a 10.74% increase. This rally indicates strong investor confidence in Metaplanet's Bitcoin strategy, with the stock price surging nearly 54% in a month and 374% year-to-date. The recent money inflow has bolstered the stock price, reflecting the market's positive response to Metaplanet's aggressive Bitcoin acquisitions.