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Metaplanet Reaches 10,000 BTC Target, Surpassing Coinbase To Become 9th Largest Corporate Bitcoin Holder

  • Japanese investment firm Metaplanet has reached its target of owning 10,000 BTC, making it the 9th largest corporate Bitcoin holder.
  • Metaplanet acquired an additional 1,112 BTC for $117.2 million, bringing its total Bitcoin holdings to 10,000 BTC.
  • This purchase surpassed Coinbase's holdings, with Metaplanet now holding more BTC than the popular crypto exchange.
  • Metaplanet aims to hold over 210,000 BTC by 2027, following a strategy similar to Michael Saylor's approach.
  • To finance future Bitcoin purchases, Metaplanet plans to raise up to $5.3 billion through the issuance of new shares.
  • The company also announced issuing $210 million bonds to EVO Fund for Bitcoin purchases.
  • Despite global uncertainties, Metaplanet's move signals investor confidence in Bitcoin.
  • Michael Saylor's MicroStrategy remains the largest corporate Bitcoin holder with 592,100 BTC.
  • Metaplanet's aggressive Bitcoin acquisition approach aligns with the growing trend of institutional investment in cryptocurrencies.

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