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Key Takeaways:
- Metaplanet buys 463 BTC for $53.7M, boosting total to 17,595 BTC.
- Company proposes $3.7B fundraise to potentially buy even more Bitcoin.
- Bitcoin rebounds nearly 1% amid Fed rate cut speculation and weak U.S. jobs data.
Metaplanet has added 463 more Bitcoin to its growing crypto treasury, spending approximately $53.7 million at an average price of $115,895 per coin. The purchase boosts the company’s total holdings to 17,595 BTC—now worth around $1.78 billion. This marks the second large-scale Bitcoin acquisition in less than two weeks, following its previous 780 BTC buy valued at $92.5 million.
Metaplanet’s aggressive strategy has delivered a 459.2% year-to-date yield, reinforcing its position as one of Asia’s largest publicly traded Bitcoin holders. The firm continues to rival Strategy (formerly MicroStrategy), which leads globally with 628,791 BTC.
$3.7B Fundraising Plan Hints at Bigger Ambitions
The company’s ambitions don’t stop here. Metaplanet has proposed a massive $3.7 billion capital raise through perpetual preferred shares, a move that could fund further Bitcoin acquisitions. The proposal is set for discussion during an upcoming Extraordinary General Meeting (EGM), and if approved, may result in one of the largest corporate Bitcoin buys in history.
Despite the bullish moves, Metaplanet’s stock dipped 6% to ¥998 during Monday morning trading, showing that not all investors are aligned on the company’s crypto-heavy direction.
Also Read: Metaplanet Buys 463 Bitcoin After Price Dip, Eyes 1% of Total Supply by 2027
Market Sentiment Turns as Bitcoin Rebounds
The broader crypto market is showing signs of recovery. Bitcoin bounced back nearly 1% to $114,594 after hitting weekend lows of $111,800. The rebound follows a weak U.S. jobs report that stoked hopes for a Federal Reserve rate cut. Markets are now pricing in an 89.1% probability of a 0.25% rate reduction by September—potentially boosting Bitcoin’s appeal as a hedge against dollar depreciation.
With 17,595 BTC on its balance sheet and more buying power potentially on the way, Metaplanet is positioning itself as a long-term institutional force in the Bitcoin space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
