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Metaplanet Hits 10,000 BTC Mark Following $210M Bond-Backed Acquisition
In a landmark announcement, Japanese investment firm Metaplanet has successfully reached the significant milestone of holding 10,000 Bitcoin (BTC) on its balance sheet. This remarkable achievement comes in the wake of the company’s recent bond-backed acquisition valued at approximately $210 million.
According to official statements, Metaplanet acquired an additional 1,112 BTC as part of its strategic Bitcoin Treasury Operations approach. The newly purchased assets bring the firm’s total holdings to a substantial 10,000 BTC. This monumental accomplishment marks a major turning point for the company, solidifying its position among Asia’s leading corporate holders of Bitcoin.
As part of this endeavor, Metaplanet issued an 18th Series of Ordinary Bonds, securing $210 million in funding from EVO FUND. Notably, these bonds were specifically designated for the acquisition and storage of Bitcoin. This bold strategy has allowed the firm to aggressively expand its cryptocurrency holdings, a move that is likely to garner significant attention within the market.
Notably, Metaplanet’s impressive track record has been marked by a substantial increase in BTC Yield over the past year. As reported, this metric has skyrocketed, reflecting both the expansion of Bitcoin assets and shareholder accretion despite dilution. At present, the company boasts a remarkable 87.2% quarterly-to-date yield.
This recent milestone underscores Metaplanet’s commitment to diversifying its portfolio through strategic investments in cryptocurrency.
Source: cryptopotato.com
