Metaplanet Aims to Supercharge Bitcoin Strategy with $3.7B Treasury Expansion
Tokyo-based investment firm Metaplanet drops a bombshell—pushing another $3.7 billion into Bitcoin reserves. Because when traditional finance burns, digital gold shines.
Why? The board’s doubling down on crypto’s volatility hedge while legacy markets choke on inflation. 'Diversification' sounds better than 'desperation,' right?
Timing’s everything: This move follows Japan’s weakening yen and corporate bond turmoil. Smart pivot or reckless gamble? Either way, Wall Street’s watching—between sips of their $8 oat milk lattes.
Expanding Bitcoin Treasury
Metaplanet already holds a large amount of Bitcoin. As of Friday, it owned 17,132 BTC. Its most recent purchase was 780 BTC, made on July 28. At today’s market price of around $114,396 per Bitcoin, the company’s total Bitcoin holdings are worth roughly $1.95 billion.
Even though the shelf registration gives Metaplanet the option to raise a large sum, there are still hurdles. The stock sale depends on favourable market conditions, and issuing new shares could dilute the value of existing shares. The September vote will also play a key role in deciding whether the plan moves forward.
Metaplanet’s MOVE comes as more companies are showing long-term interest in bitcoin. If the plan succeeds, it could put the company among the biggest corporate holders of the asset.
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