Metaplanet Passes CleanSpark to Become 5th Largest BTC Holder
The post Metaplanet Passes CleanSpark to Become 5th Largest BTC Holder appeared on BitcoinEthereumNews.com. This latest purchase boosts Metaplanet’s holdings to 13,350 BTC—which is valued at approximately $1.45 billion. It also puts Metaplanet ahead of Tesla, Coinbase, and Block Inc. The firm financed its Bitcoin expansion with a strategic bond refinancing move, issuing $208 million in 0% bonds, which also allowed it to buy back existing debt. CEO Simon Gerovich also mentioned a 349% year-to-date yield and revealed ambitious new targets of 100,000 BTC by 2026 and 210,000 BTC by 2027. Meanwhile, Bitcoin mega-holder Strategy continues its aggressive accumulation streak with 11 consecutive weeks of BTC purchases, which recently brought its total holdings to over 592,000 BTC. Inspired by these moves, Spanish café chain Vanadi Coffee also pivoted to a Bitcoin-centric model, and now holds 54 BTC. It plans to become a crypto-centric investment play in the European market. Japanese Bitcoin treasury firm Metaplanet overtook mining company CleanSpark to become the fifth-largest corporate holder of Bitcoin. This happened after a purchase of 1,005 BTC for $108 million. This brings the company’s total holdings to 13,350 BTC, which was acquired at an average price of around $97,832 per coin. At current market prices, Metaplanet’s Bitcoin treasury is valued at approximately $1.45 billion. The milestone places Metaplanet ahead of Tesla, Hut 8, Coinbase, and Block Inc., leaving only Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms ahead in total Bitcoin holdings. The purchase follows Metaplanet’s announcement of a bond refinancing plan to help expand its Bitcoin reserves. The firm issued 30 billion yen ($208 million) in 0% ordinary bonds from its EVO fund, enabling it to both buy more Bitcoin and buy back and cancel 1.75 billion yen ($12 million) of its third series bonds that carried a 0.36% interest rate. This effectively allowed Metaplanet to secure an interest-free float to boost BTC accumulation. CEO…
The post Metaplanet Passes CleanSpark to Become 5th Largest BTC Holder appeared on BitcoinEthereumNews.com.
This latest purchase boosts Metaplanet’s holdings to 13,350 BTC—which is valued at approximately $1.45 billion. It also puts Metaplanet ahead of Tesla, Coinbase, and Block Inc. The firm financed its Bitcoin expansion with a strategic bond refinancing move, issuing $208 million in 0% bonds, which also allowed it to buy back existing debt. CEO Simon Gerovich also mentioned a 349% year-to-date yield and revealed ambitious new targets of 100,000 BTC by 2026 and 210,000 BTC by 2027. Meanwhile, Bitcoin mega-holder Strategy continues its aggressive accumulation streak with 11 consecutive weeks of BTC purchases, which recently brought its total holdings to over 592,000 BTC. Inspired by these moves, Spanish café chain Vanadi Coffee also pivoted to a Bitcoin-centric model, and now holds 54 BTC. It plans to become a crypto-centric investment play in the European market. Japanese Bitcoin treasury firm Metaplanet overtook mining company CleanSpark to become the fifth-largest corporate holder of Bitcoin. This happened after a purchase of 1,005 BTC for $108 million. This brings the company’s total holdings to 13,350 BTC, which was acquired at an average price of around $97,832 per coin. At current market prices, Metaplanet’s Bitcoin treasury is valued at approximately $1.45 billion. The milestone places Metaplanet ahead of Tesla, Hut 8, Coinbase, and Block Inc., leaving only Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms ahead in total Bitcoin holdings. The purchase follows Metaplanet’s announcement of a bond refinancing plan to help expand its Bitcoin reserves. The firm issued 30 billion yen ($208 million) in 0% ordinary bonds from its EVO fund, enabling it to both buy more Bitcoin and buy back and cancel 1.75 billion yen ($12 million) of its third series bonds that carried a 0.36% interest rate. This effectively allowed Metaplanet to secure an interest-free float to boost BTC accumulation. CEO…
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