Metaplanet Aims to Hold 1% of All Bitcoin
The post Metaplanet Aims to Hold 1% of All Bitcoin appeared on BitcoinEthereumNews.com. Metaplanet plans to hold 210,000 Bitcoin by the year 2027. Company raises $5.4 billion to support large Bitcoin buying plan. Sees Bitcoin as an inflation hedge; follows MicroStrategy with bigger ambition. Metaplanet Inc., a Tokyo-based firm, has announced an ambitious plan to acquire a large amount of Bitcoin. According to recent updates, the company wants to hold 210,000 BTC by 2027. This figure represents 1% of the total number of Bitcoins in circulation. If everything goes well, Metaplanet will be the top corporate owner of Bitcoin in Asia. Metaplanet Raises Bitcoin Target to 210,000 BTC by 2027 Metaplanet’s CEO shared the plan in a post made on June 6. At first, the company planned to own no more than 21,000 BTC by the year 2026. Still, in recent times, it has raised its pledge for warming a lot higher than before. The next goal is to accumulate 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. It demonstrates that Metaplanet has strong confidence in Bitcoin’s upcoming prospects. For this strategy to succeed, Metaplanet will get $5.4 billion in financing. The new shares will be raised from 555 million. This means an extra 28.4 million shares will join the 210 million that were issued earlier. The main use of these funds will be to gain more Bitcoin. Money will be allocated to cover bond expenses as well as to provide extra income through selling put options. Right now, Metaplanet has 8,888 BTC in its collection. It added a significant amount of 1,088 BTC to its holdings on June 2. So, the company will still be required to buy over 91,000 BTC in the coming 18 months. It is easy to see that the plan will require a lot of effort and money. Still, Metaplanet thinks it can happen…
The post Metaplanet Aims to Hold 1% of All Bitcoin appeared on BitcoinEthereumNews.com.
Metaplanet plans to hold 210,000 Bitcoin by the year 2027. Company raises $5.4 billion to support large Bitcoin buying plan. Sees Bitcoin as an inflation hedge; follows MicroStrategy with bigger ambition. Metaplanet Inc., a Tokyo-based firm, has announced an ambitious plan to acquire a large amount of Bitcoin. According to recent updates, the company wants to hold 210,000 BTC by 2027. This figure represents 1% of the total number of Bitcoins in circulation. If everything goes well, Metaplanet will be the top corporate owner of Bitcoin in Asia. Metaplanet Raises Bitcoin Target to 210,000 BTC by 2027 Metaplanet’s CEO shared the plan in a post made on June 6. At first, the company planned to own no more than 21,000 BTC by the year 2026. Still, in recent times, it has raised its pledge for warming a lot higher than before. The next goal is to accumulate 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. It demonstrates that Metaplanet has strong confidence in Bitcoin’s upcoming prospects. For this strategy to succeed, Metaplanet will get $5.4 billion in financing. The new shares will be raised from 555 million. This means an extra 28.4 million shares will join the 210 million that were issued earlier. The main use of these funds will be to gain more Bitcoin. Money will be allocated to cover bond expenses as well as to provide extra income through selling put options. Right now, Metaplanet has 8,888 BTC in its collection. It added a significant amount of 1,088 BTC to its holdings on June 2. So, the company will still be required to buy over 91,000 BTC in the coming 18 months. It is easy to see that the plan will require a lot of effort and money. Still, Metaplanet thinks it can happen…
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