Metaplanet’s Bitcoin Bonanza: A Journey to 21000 BTC! 🚀💸

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Metaplanet, Japan’s very own MicroStrategy, is on a roll in its quest to achieve an ambitious target: to accumulate Bitcoin 💸

Just moments ago, the company revealed its latest purchase of 269.43 BTC. Shortly after, it also added 68.59 BTC, bought at a price of $96,335 per one coin.

With these new additions, Metaplanet’s total Bitcoin holding now stands at 2,100 BTC, acquired at a total cost of $169.9 million. This means that, overall, each BTC in its reserve has an average price of $80,905.

Metaplanet Moves Closer to Its 2026 Bitcoin Target

Interestingly, Metaplanet began its Bitcoin strategy just last April. At the time, the company said its target was to multiply its BTC holdings by 10 folds over the next two years. From its current speed of accumulations, it appears that Metaplanet might be well on track to achieve its target.

In less than 10 months, the company has more than doubled its holdings and has now acquired 10% of its target. The company also has 0.01% of the total BTC supply in its possession. These remarkable feats not only show their commitment to its 2026 goal but also show its conviction in Bitcoin as the world’s only true inflation hedge.

Company CEO Simon Gerovich had something to say on this development. He reiterated that the company remains focused on the target and that maximizing long-term shareholder value remains one of Metaplanet’s priorities. Gerovich’s statement reads in part:

“This milestone is just one step in our long-term plan to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.”

Raising Funds to Support Bitcoin Strategy

For what it might be worth, Metaplanet appears to have all the necessary strategies in place that it needs to achieve its goal.

First, the firm recently made $20 million in equity capital. According to Dylan LeClair who shared the update, this amount was made in the first two trading days of Metaplanet’s “21M Plan”. An announcement earlier in the week also confirmed that the firm raised another 4 billion Japanese Yen through 0% unsecured bonds.

So far, it is so good for Metaplanet as its BTC holdings have yielded an impressive 18% year-to-date (YTD) return this year.

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2025-02-20 15:18