Metaplanet Boosts Bitcoin Holdings: A $6.6M Investment & Stock Split
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Giving a tough fight to Strategy, Metaplanet, a Japanese company that trades on the stock market, has been investing heavily in Bitcoin. It now owns 2,100 BTC, which is 0.01% of the total Bitcoin supply. Recently, the company bought 68.59 more BTC for $6.6 million, paying an average price of $96,335 per BTC. This series of purchases shows that Metaplanet is committed to making Bitcoin a key part of its business strategy and financial plans. And they’re not stopping there. The company has set its sights on accumulating 10,000 $BTC by the end of 2025.
Capital Expansion & Stock Split
Metaplanet has been actively raising capital to support its Bitcoin accumulation. According to analyst Dylan Le Clair, the company secured $20 million in equity capital within the first two days of its “21 million plan.” In addition, Metaplanet announced a 10-1 stock split, set to take effect on April 1. This decision follows a reverse 1-for-10 split that took place just eight months ago. The split aims to enhance stock affordability and accessibility for investors after a remarkable 1,370% surge in share price since the reverse split announcement.
CEO’s Commitment to Bitcoin
Metaplanet’s CEO, Simon Gerovich, shared on X that he invested $6.6 million to buy 68.59 more BTC for the company. He said Metaplanet is fully committed to Bitcoin because it brings transparency, stability, and value for investors. The company’s presence in the crypto market is also growing, as it now has the biggest share (6.27%) in the CoinShares Blockchain Global Equity Index, which tracks top blockchain companies.
Company’s Market Expansion
At the same time, Metaplanet used a large part of its 13th series of stock acquisition rights to strengthen its market position. Between February 18 and 19, it exercised 5,000 rights, which is 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 buying Bitcoin and supporting long-term growth. The exercise price was adjusted based on market conditions to keep financial stability.
Market Performance
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 solidifying its position as a leader in the Bitcoin-driven corporate landscape. Investors are closely watching how its bold approach will shape the company’s future amid growing institutional interest in Bitcoin.
