Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/metaplanet-takes-significant-steps-to-acquire-more-bitcoin/" data-wpel-link="internal">Metaplanet Takes Significant Steps to Acquire More Bitcoin</a> 
Tokyo-based investment firm Metaplanet has taken a significant step towards increasing its Bitcoin (BTC) holdings. The company announced it will issue bonds worth 1.75 billion Japanese yen (approximately $11.3 million) with an annual interest rate of 0.36%. The bonds are set to mature on November 17, 2025. CEO Simon Gerovich shared this decision on the social media platform X, stating, “More Bitcoin acquisitions are on the way.” This follows Metaplanet’s earlier decision in May to adopt Bitcoin as part of its strategic treasury reserve assets. 
<h2 style="text-align: justify" id="strong-metaplanet-increases-bitcoin-holdings-strong">Metaplanet Increases Bitcoin Holdings</h2> 
Metaplanet has accelerated its Bitcoin acquisitions in recent months. According to the company’s latest announcement, its current Bitcoin holdings have reached 1,018 BTC, valued at approximately $93.5 million at current market prices. This positions Metaplanet as one of the largest institutional Bitcoin investors in Asia. 
Last month, the company raised 10 billion Japanese yen ($66 million) through exercising stock purchase rights. This funding has bolstered the company’s financial strength and paved the way for further Bitcoin acquisitions. The company’s stock has gained an impressive 1,146% on the Tokyo Stock Exchange since the beginning of the year. 
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 Metaplanet Bitcoin
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On Monday, the share price rose by 0.81%, reaching 1,994 Japanese yen. It is noteworthy that the Nikkei 225 index fell by 1.09% on the same day. 
<h2 style="text-align: justify" id="strong-bitcoin-acquisitions-heat-up-competition-strong">Bitcoin Acquisitions Heat Up Competition</h2> 
Metaplanet’s Bitcoin purchases are drawing global attention, positioning the company in comparison with MicroStrategy, currently the largest corporate Bitcoin investor with a total of 279,420 BTC. Following MicroStrategy is Marathon Digital, holding 27,562 BTC. 
This move is seen as part of Metaplanet’s growth strategy. By increasing its Bitcoin investments, the firm aims to maintain a competitive edge in the market. The funds raised from the bond issuance will be directly utilized toward this goal. 
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Metaplanet Takes Significant Steps to Acquire More Bitcoin

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