$BTC
What’s happening with Metaplanet and #MetaplanetBTCPurchase
📊 Large-scale BTC accumulation
• Metaplanet, a Tokyo-based publicly traded firm (Ticker: 3350.T), recently purchased 1,112 BTC (~$117M), bringing its total holdings to 10,000 BTC, surpassing Coinbase (≈9,267 BTC), making it the ninth-largest public BTC holder by that measure .
• The average cost basis for all their BTC is around $94,700 , with total investment nearing $947M .
🧩 Ambitious financing strategy
• To support further accumulation, Metaplanet issued $210M in zero-interest bonds dedicated solely to Bitcoin purchases .
• Newer reports (Financial Times) indicate plans to raise up to $5.4B, targeting a mind-blowing 210,000 BTC (about 1% of all Bitcoin) by the end of 2027, with an interim goal of 100,000 BTC by end-2026 .
📈 Market reaction
• Following the 10,000 BTC milestone, its stock surged between 20–26% in a single day, hitting highs around ¥1,860–1,895 (~$13), representing massive YTD gains (over 400%–850%) .
