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Metaplanet Secures $517 Million for Bitcoin Acquisition

Japan's largest corporate Bitcoin treasury adds 1,234 BTC, aiming for 201,112 BTC by 2027 as part of its aggressive expansion plan.

BTC

Summary

Metaplanet has acquired an additional 1,234 Bitcoin, raising its total holdings to 12,345 BTC, surpassing Tesla's 11,509 BTC. This purchase, made at an average price of 15.6 million yen ($108,000) per coin, is part of Metaplanet's strategy to hold 201,112 BTC by 2027, with a capital contribution of up to $5 billion approved to support this goal.

Terms & Concepts
  • Bitcoin: A decentralized digital currency that enables peer-to-peer transactions without a central authority.
  • corporate treasury model: A financial strategy where companies hold digital assets like Bitcoin as part of their treasury to enhance liquidity and investment opportunities.
  • capital raising: The process of securing funds from investors to finance business activities or expansion.