Metaplanet Adds 1,004 BTC To Its Treasury, Raising Holdings To A Massive 7,800 Bitcoin
The post Metaplanet Adds 1,004 BTC To Its Treasury, Raising Holdings To A Massive 7,800 Bitcoin appeared on BitcoinEthereumNews.com.
Metaplanet Inc.’s purchase today of 1,004 BTC for $104.3 million means that it has added each coin to its treasury for an average rate of $103,873. Today’s acquisition of Bitcoin increases Metaplanet’s total holdings to 7,800 BTC, valued at over $712 million. .@Metaplanet_JP just bought another 1,004 $BTC for $104.3 million, at an average price of $103,873 per coin. The Japanese firm now holds 7,800 BTC total, worth over $712 million. @MicroStrategy is also expected to announce another Bitcoin acquisition today. — Satoshi Club (@esatoshiclub) May 19, 2025 This feat demonstrates that Metaplanet is dedicated to adding Bitcoin through corporate balance sheets. The company was also in the spotlight on May 13, when it issued $15 million in zero-interest bonds intended for purchasing Bitcoin. Instead of issuing shares or using money, Metaplanet plans to use debt to keep its operations open during growth and manage its digital-asset portfolio. Using a bond offering to support Metaplanet’s Bitcoin purchase is an exciting new trend in corporate finance. Companies use zero-percent ordinary bonds in environments with low interest rates to seek investments, which MicroStrategy does by investing the funds in Bitcoin. This shows that many companies are now using debt instead of share sales to purchase Bitcoin. MicroStrategy Set to Announce Fresh Acquisition MicroStrategy is the biggest company with Bitcoin on its balance sheet and is planning to purchase more. Reports show that MicroStrategy will purchase a large amount of Bitcoin on May 19, in addition to the 13,390 BTC it acquired on May 13. As a result of that transaction, the company’s Bitcoin yield for the year improved to 15.5%. According to CEO Michael Saylor, MicroStrategy considers Bitcoin as “digital gold,” and the acquisition will add to the firm’s earlier reputation as a Bitcoin leader. Support for Bitcoin Is Increasing from Corporations…
Filed under: News - @ May 20, 2025 2:19 am