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Prominent Japanese investment firm Metaplanet has acquired 269.43 Bitcoins for $26.3 million, increasing its total Bitcoin 
$104,714 holding to 2,031.41. Following this transaction, the company’s stock surged over 8%, reaching 6,500 JPY. Since the beginning of the year, Metaplanet’s shares have recorded a total increase of 78%.
Metaplanet’s New Bitcoin Investment
Expanding its Bitcoin purchasing strategy, Metaplanet completed this latest acquisition at an average price of $97,481. According to the company’s announcement, this move yielded an annual return of 15.3%. CEO Simon Gerovich stated that these Bitcoin purchases occurred within specified price ranges.
The company’s Bitcoin portfolio has grown to an investment value of approximately $163.3 million, with an average cost of $80,394. To finance this investment, Metaplanet issued zero-coupon bonds worth 4 billion JPY, with a maturity date set for August 2025. This financing strategy is perceived as a step towards the company’s long-term growth plans.
Reasons Behind Metaplanet’s Stock Surge
Metaplanet’s Bitcoin investments have positively impacted its stock performance. Following news of the Bitcoin purchase, stock prices rapidly rose, while trading volume in the market increased significantly. The company’s inclusion in the MSCI Japan Index has also contributed to this upward trend, attracting international investor interest.
Additionally, Metaplanet has expanded its stock acquisition rights from the 13th series to the 17th series, with a total of 21 million shares expected to be traded. These decisions made during financial planning aim to strengthen the company’s capital structure. Metaplanet’s increase in Bitcoin investments reflects a strategy in alignment with market expectations, keeping investor interest high amid ongoing developments in the cryptocurrency market.
