Metaplanet Reaches 20,000 BTC Milestone
Japan's Metaplanet has acquired an additional 1,009 BTC, bringing its total holdings to 20,000 BTC, valued at approximately $112 million. The firm issued 11.5 million new shares for strategic financing, using proceeds to redeem bonds. Metaplanet is now the sixth-largest corporate Bitcoin treasury globally and the top firm in Japan. The company's average acquisition price is $102,607 per BTC.
Despite a 54% share price decline since mid-June, Metaplanet plans to raise up to $880 million through a public share offering and may issue preferred shares to raise up to $3.7 billion. This strategy reflects the growing institutional confidence in Bitcoin as a treasury asset, though it carries inherent risks from market volatility and financing dependence.