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Metaplanet Bitcoin Holdings Soar with ¥9.5 Billion Raise, Aiming for 10k BTC by 2025
January 6, 2025 – Metaplanet Inc., a leading player in the cryptocurrency space, has made headlines today after announcing that it has successfully raised ¥9.5 billion through its stock acquisition program. This monumental achievement marks a significant milestone for the company as it seeks to further solidify its position within the global Bitcoin market.
The ¥9.5 billion raise is part of Metaplanet’s bold new strategy, which aims to acquire an additional 10,000 Bitcoins (approximately ¥2.5 trillion) by the end of 2025. This ambitious goal underscores the company’s commitment to becoming a major player in the cryptocurrency space and its unwavering support for Bitcoin.
In recent months, Metaplanet has been aggressively pursuing its Bitcoin strategy, having already purchased approximately 1,762 BTCs since April last year. The company has also leveraged its core business operations, including hotel management, to bolster its position in the market.
According to CEO Simon Williams, “We are thrilled with this outcome and believe it is a testament to our unwavering commitment to Bitcoin. We see great potential in this asset class and are excited to continue growing our portfolio.”
The impact of Metaplanet’s bold move has already been felt across the cryptocurrency market, with many experts noting a significant decrease in available Bitcoins on centralized exchanges and OTC platforms.
As such, it is no surprise that the Bitcoin price has surged 2% in the past 24 hours to reach $99.5k. This development has sent shockwaves throughout the industry, sparking widespread debate about the potential for further growth and the implications of Metaplanet’s aggressive strategy.
In conclusion, Metaplanet’s ¥9.5 billion raise is a game-changer for the cryptocurrency space. As one of the largest single investments in Bitcoin history, it marks a turning point in the market and demonstrates the company’s willingness to take bold risks in pursuit of its goals.
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Source: coinpedia.org
