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Metaplanet Buys 1,111 BTC, Total Holdings Now Top $1.1 Billion

  • Metaplanet Inc. has purchased 1,111 BTC, increasing their total holdings to 11,111 BTC valued at over $1.12 billion.
  • The acquisition was made at an average price of around $106,408 per Bitcoin.
  • This move solidifies Metaplanet's position among the top ten largest corporate holders of Bitcoin globally.
  • Chairman Simon Gerovich revealed plans to target 30,000 BTC by the end of 2025 and aims for 210,000 BTC by 2027.
  • Metaplanet's rapid growth is driven by capital market activities involving stock acquisition rights and bonds.
  • Metaplanet uses the "BTC Yield" metric to measure success, showing a 306.7% increase year-to-date.
  • The company's stock was down 5.39% following geopolitical tensions in the Middle East and a recent decrease in the price of Bitcoin.
  • Metaplanet's BTC purchases are part of a trend in which more companies are embracing Bitcoin as a treasury reserve asset.
  • By June 16, 24 companies had collectively increased their Bitcoin holdings by 11,902 units.
  • Institutions like Genius Group and H100 are also actively acquiring Bitcoin for their treasuries.

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