Metaplanet Hits a Major Milestone
Metaplanet has now accumulated 2,100 BTC, representing 0.01% of the total Bitcoin supply of 21 million BTC. Recently, the Tokyo-listed firm purchased 68.59 BTC for $6.6 million at an average price of $96,335 per Bitcoin.
Stock Performance
Following this acquisition, shares of Metaplanet have seen a 1% increase in the market, trading at 6,260 JPY.
Funding and Future Plans
According to Dylan Le Clair, Metaplanet raised $20 million in equity capital during the first two trading days of its "21 million plan". Furthermore, it was announced on February 18 that the company will execute a 10-1 stock split on April 1, just eight months after a 1-for-10 reverse split.
Key Takeaways
- Total BTC Holdings: 2,100 BTC (0.01% of total supply)
- Recent Purchase: 68.59 BTC at $96,335 each
- Market Reaction: Shares up 1%, trading at 6,260 JPY
- Equity Raised: $20 million in first two days of trading
- Upcoming Stock Split: 10-1 split on April 1
Metaplanet continues to expand its Bitcoin holdings and solidify its position in the market.
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