Metaplanet shares rose after a Bitcoin purchase plan of 5.4 billion dollars
Metaplanet announced that it plans to buy 210,000 Bitcoin by 2027. Following this giant step, the company's shares increased by 22 %. If it succeeds, Metaplanet will have the second largest Bitcoin among the public companies.
📈 Shares on flight: 22 %daily increase
The Japanese investment company Metaplanet (3350T) experienced a huge increase in shares after the $ 5.4 billion Bitcoin purchase plan announced last week. The share, which rose by 12 %at the opening on June 9, reached the highest level of 1,641 yen ($ 11.36) in the session and gained 22 %on a daily basis.
🪙 Target: Playing on the summit with 210,000 Bitcoin
Metaplanet has announced that it has expanded its Bitcoin strategy within the scope of the stock purchase rights program issued on June 6. The previous target, 21,000 BTC, was increased to 210,000 BTC with a new plan.
If this goal is achieved, the company will be the second largest Bitcoin after Michael Saylor’s Strategy.
🔢 What does the “555 million” plan contain?
The company needs to buy a total of 201,112 BTCs by the end of 2027 within the scope of the “555 million plan”. This target is estimated to mean an investment of approximately $ 21 billion at existing prices.
Metaplanet currently has a portfolio of 8,888 BTC. The company announced that it received 1,088 BTC on June 2, aiming for 100,000 BTC levels by the end of 2026.
📊 Strategic power game in the crypto market
This move reveals the vision of Metaplanet not only an investor, but also a strategic power center in the Bitcoin market. Using the advantage of regulatory clarity in Japan, the company follows an aggressive model in corporate BTC investment.