Japan's Metaplanet and Strategy's Bitcoin Buying Spree: A New Era of Corporate Crypto Investment
Sherwood News9 hours ago
810

Japan's Metaplanet and Strategy's Bitcoin Buying Spree: A New Era of Corporate Crypto Investment

General Bitcoin News
bitcoin
crypto
investment
corporate
finance
Share this content:

Summary:

  • Strategy adds 4,980 bitcoin to its treasury, totaling 597,325 bitcoin

  • Metaplanet acquires 1,005 bitcoin, bringing its total to 13,350 bitcoin

  • Metaplanet issues 0% interest rate bonds worth $208 million to fund bitcoin purchases

  • Benchmark initiates coverage with a "buy" rating, calling Metaplanet Japan’s pioneering listed bitcoin treasury company

  • Metaplanet's stock has surged 7,742% in just over a year

Metaplanet and Strategy Lead the Charge in Corporate Bitcoin Accumulation

Strategy, the largest corporate bitcoin holder, has added 4,980 bitcoin to its treasury, spending $531.9 million. This acquisition brings its total holdings to an impressive 597,325 bitcoin. Meanwhile, Metaplanet, dubbed the "Strategy of Asia," has also expanded its bitcoin reserves by acquiring 1,005 bitcoin for $108.1 million, totaling 13,350 bitcoin.

Financing the Future: Metaplanet's Bold Moves

Metaplanet isn't just buying bitcoin; it's revolutionizing how companies can finance their crypto strategies. The company announced the issuance of 0% interest rate ordinary bonds worth 30 billion yen ($208 million) to further its bitcoin acquisition goals. Benchmark Equity Research has taken notice, initiating coverage with a "buy" rating and praising Metaplanet as "Japan’s pioneering listed bitcoin treasury company."

Mark Palmer, a Benchmark analyst, highlighted Metaplanet's remarkable transformation from a modest hotel business to a bitcoin powerhouse, noting its stock has surged 7,742% in just over a year. "We believe the shares are poised to continue their upward climb," Palmer wrote.

A Strategy with a Twist

Metaplanet is emulating Strategy's playbook but with a unique approach: generating revenue through option premium harvesting. By selling cash-secured bitcoin put options, the company collects premiums while committing to buy bitcoin at predetermined strikes if the market declines.

Ambitious Targets

Metaplanet aims to accumulate 100,000 bitcoin by the end of 2026 and 210,000 bitcoin by the end of 2027. These ambitious targets underscore the growing trend of corporations integrating bitcoin into their long-term financial strategies.

bitcoin

(Getty Images)

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

BitcoinToday.app logo

BitcoinToday.app

Get BitcoinToday.app on your phone!