Metaplanet Grows Bitcoin Treasury to 5555 BTC With $53 Million Buy
By: cryptosheadlines|2025/05/08 04:00:09
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Metaplanet acquired 555 Bitcoin for $53.4M at an average price of $96,134.$25M in zero-coupon bonds issued to fund the latest BTC purchase.Tokyo-listed investment firm Metaplanet has acquired another 555 Bitcoins for $53.4 million. The company disclosed the purchase on May 7, confirming an average price of $96,134 per coin. This latest move pushes Metaplanet’s total BTC holdings to 5,555, worth approximately $481.5 million at acquisition cost.To fund the purchase, Metaplanet issued $25 million in zero-coupon bonds to EVO FUND. This marks the firm’s 13th bond issuance, following a similar $25 million raise just last week. In total, the company has raised over $244 million through bond and equity financing since early 2024.Metaplanet CEO Simon Gerovich celebrated the milestone on X. The firm aims to hold 10,000 BTC by the end of 2025 and eventually 21,000 BTC. With this latest acquisition, it has surpassed the halfway mark of its 2025 target.The company’s internal performance metric, “BTC Yield,” jumped 309.8% in Q4 2024. It rose another 95.6% in Q1 2025 and stands at 21% for Q2. As BTC trades near $97,000, Metaplanet is already in profit on the latest buy.US Expansion and Rising Institutional DemandIn addition to Bitcoin purchases, Metaplanet is expanding into the U.S. Last week, it unveiled Metaplanet Treasury Corp., a Florida-based subsidiary. This new entity aims to raise up to $250 million to support the company’s Bitcoin strategy and U.S. operations.Metaplanet is now the largest public Bitcoin holder in Asia. Globally, it ranks 11th, according to BitcoinTreasuries.net. Strategy (formerly MicroStrategy) remains the top holder with 555,450 BTC.Institutional interest in Bitcoin continues to rise. In Q1, public companies increased their holdings by 16.1%. Recently, Strategy doubled its capital raise plan to $84 billion. It also expanded its debt issuance goal to $42 billion, with $14.6 billion still available.Meanwhile, the U.S. government shows little intent to grow its BTC holdings. BitMEX co-founder Arthur Hayes cited high national debt and cultural resistance as major barriers.Highlighted Crypto News TodayWill Fartcoin Hit New Lows After a Tough 8% Drop?shareSource link
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