Metaplanet bought $451 million worth of bitcoin in the fourth quarter, lifting its holdings to 35,102 BTC as it doubles down on a high-risk, long-term treasury strategy.
Norway just voted in favor of all five management proposals for Metaplanet’s upcoming Extraordinary General Meeting (EGM) on Dec. 22, endorsing the firm’s bitcoin treasury strategy.
Metaplanet is overhauling its capital structure with new MARS and MERCURY preferred shares to raise $150 million for accelerating its bitcoin-treasury strategy while minimizing dilution to common shareholders.
Japan’s Strategy equivalent isn’t slowing down. Metaplanet just tapped its $100 million Bitcoin-backed credit line to scoop up more bitcoin — doubling down as markets wobble.
With Bitcoin price trading below $113,000, Tokyo-listed Metaplanet Inc. has purchased 5,419 BTC for $632.53 million, becoming the world's fifth-largest corporate Bitcoin holder. The purchase, which brings the company's total holdings to 25,555 BTC, represents just the first tranche of its planned Bitcoin acquisitions from its recent $1.4 billion fundraise.
With Bitcoin price holding steady above $116,000, Japanese-listed Metaplanet Inc. has announced closing of substantial $1.4 billion fundraise. The company is also expanding its operations through new subsidiaries in the U.S. and Japan, while acquiring the Bitcoin.jp domain.
Metaplanet finalized a $1.4B international share offering to fund major Bitcoin purchases and expand its Bitcoin income business, reinforcing its strategy to adopt BTC as its primary reserve asset.
With Bitcoin price hovering below $112,000, Japanese investment giant Metaplanet Inc. has acquired an additional 136 BTC for $15.2 million, bringing its total holdings to 20,136 BTC acquired for $2.08 billion.
At Metaplanet’s recent extraordinary general meeting (EGM) for shareholders, the company announced that it now holds 20,000 bitcoin and that it has plans to acquire 190,000 more within the next two years with the help of Metaplanet Prefs, a new preferred equity offering.
Bitcoin price fell below $112,000 as Japanese firm Metaplanet announced the purchase of 103 BTC worth $11.7 million, bringing its total holdings to 18,991 BTC ($2.2 billion), while simultaneously being upgraded to mid-cap status in the FTSE Japan Index. The move highlights the growing trend of corporate Bitcoin treasury strategies.