Metaplanet has added its Bitcoin holding by acquiring another 162 BTC worth $13.5 million at an average price of $83,123 per coin. The overall holding is now 3,050 BTC valued approximately to $250 million and it is solidly in the position of a healthy treasury asset in Bitcoin.
To finance this and subsequent Bitcoin purchases, Metaplanet sold ¥2 billion (or $18.2 million) of zero-interest bonds. This money trick is part of a bold strategy to amass their Bitcoin treasury to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
The market received Metaplanet's Bitcoin-focused approach with a positive response, as the 8% rise in the company's stock price after the announcement suggests. This is a reflection of the company investor optimism in Metaplanet's vision and ability to gain from the future value appreciation of Bitcoin.