The post Metaplanet Boosts Bitcoin Holdings to $159M Amid Japan’s Economic Struggles appeared on BitcoinEthereumNews.com.

Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing solutions provider. With this money, Metaplanet bought 269.43 more bitcoins, bringing its total to 2,031.41 BTC, which is worth around $159 million at the current price of $96,000 per Bitcoin. Future Plans to Buy More Bitcoin Metaplanet’s long-term goals for Bitcoin are clear. This purchase brings the company’s total Bitcoin holdings to 2,031.41 BTC, with an average purchase price of $78,000 per BTC, amounting to a total investment of $159 million. At this pace, the company plans to raise 116.65 billion yen (about $746 million) between 2025 and 2026 to buy more Bitcoin. By the end of 2025, Metaplanet aims to hold 10,000 BTC and grow that number to 21,000 BTC by the end of 2026. To fund these purchases, Metaplanet entered into a deal with EVO Fund, called the “21 Million Plan,” which involves issuing 21 million shares to raise the money needed for more Bitcoin. Responding to Japan’s Economic Challenges Metaplanet’s decision to invest more in Bitcoin is partly driven by Japan’s ongoing economic struggles. The country is dealing with negative interest rates, high levels of national debt, and a weakening yen. In this environment, Metaplanet sees Bitcoin as a safe asset to protect against inflation and the decline in the value of the yen. The company believes that increasing its Bitcoin holdings will help it withstand the economic pressures in Japan, ensuring long-term growth. As Metaplanet Said, “By issuing these stock acquisition rights and continuing to increase our Bitcoin holdings, we believe we can insulate ourselves from the deterioration of the yen’s value, hedge against…

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Filed under: News - @ February 17, 2025 7:21 am