Metaplanet purchased 463 Bitcoins Monday. This makes it the company that has been able to profit from Bitcoin’s 5 percent weekend decline.
Bitcoin was purchased by a Japanese investment firm (BTCMetaplanet said A statement is a good example.
Metaplanet has now acquired 17,595 Bitcoin worth more than $2 billion. It is the 7th largest Bitcoin corporate holder in the World.
Metaplanet could be the first publicly-traded company to buy Bitcoin. AugustIt was followed by a week full of massive corporate crypto purchases.
Cointelegraph has found that sixteen companies added more than $200,000 in revenue during the week ending July 28. $7.8 billion worth of crypto They will be able to do so by transferring money into their respective treasuries.
The performance of spot US Bitcoin E-Traded Products also showed strong growth in JulyOne of the biggest days for outflows was August 1, when $812,3 million in funds were withdrawn.
Metaplanet continues to focus on Bitcoin as its goal
Metaplanet purchases Bitcoin to show that the company intends to accumulate Bitcoin despite recent price drops. macroeconomic indicators Some possible future challenges
Simon Gerovich’s firm has now reached 8.4% of its overall target. 210,000 Bitcoin — equivalent to 1% of the total supply — by the end of 2027.
Metaplanet follows Saylor’s Strategy Again
Metaplanet has announced that it will be issuing approximately $3.73 billion in worth of securities. perpetual preferred sharesMichael Saylor’s Strategy has used this financial tool aggressively to boost its Bitcoin holdings over 628.700 BTC.
Saylor even referred STRC is the ticker for one of Strategy’s most preferred stocks. “iPhone moment” After it was raised $2.5 billion worth of funds For the company
Related: Crypto adoption in 2025 spurred by payments, AI: Survey
Companies like Strategy and Metaplanet can use perpetual preferred offerings to raise long-term funds for Bitcoin purchases, without having their stock diluted or taking on debt.
Metaplanet’s preferred stock could offer a dividend of up to 6% annually, depending on the market and demand from investors.
Bitcoin Stacking Race: More Public Companies Enter the Game
Metaplanet is currently trailing Strategy, Mara Holdings XXI Bitcoin Standard Treasury Company Riot Platforms, Trump Media and Trump Media when it comes to Bitcoin accumulation. according to BitcoinTreasuries.NET data.
The number of Bitcoin companies is increasing, and 162 now hold BTC in their accounts. from 112 On May 26,
Magazine: Bitcoin inheritances: A guide for heirs and the not-yet dead
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Source: cointelegraph.com
