
Jakarta, Pintu News – Japanese investment firm Metaplanet recently announced a significant milestone in their Bitcoin acquisition strategy. By purchasing 1,112 BTC worth approximately $117.2 million, Metaplanet successfully achieved its target of holding 10,000 BTC by 2025. This move is in line with the company’s long-term plan to accumulate 210,000 BTC, equivalent to about 1% of the total Bitcoin supply, by 2027.
Metaplanet has adopted an aggressive approach to Bitcoin acquisitions, mimicking the strategies of companies like MicroStrategy. The company utilizes capital market instruments to fund their Bitcoin purchases. In addition to direct purchases, Metaplanet also issued a $210 million interest-free bond to EVO Fund, a Cayman Islands-based investment company. Funds from these bonds are planned to be used for additional Bitcoin purchases.
Metaplanet’s CEO, Simon Gerovich, stated that their company had accumulated 10,000 BTC with a total investment of about $947 million, with an average price per BTC of about $94,697. At the time of the announcement, the price of Bitcoin was trading around $105,831. Gerovich also emphasized that Metaplanet is committed to being a public proxy for Bitcoin exposure in Asia, similar to the role MicroStrategy plays in the US market.
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Metaplanet’s move to accumulate Bitcoin could significantly affect the cryptocurrency market, especially in terms of liquidity and price. With its growing holdings, Metaplanet has the potential to become a major player in the global Bitcoin market. However, the strategy also faces challenges, including Bitcoin price volatility and potential regulatory risks in different countries.
Moreover, Metaplanet’s approach may influence investors’ perception of Bitcoin’s long-term value. By increasing institutional demand, this strategy could contribute to strengthening Bitcoin’s position as a major digital asset. However, it is important to note that the success of this strategy largely depends on market stability and continued regulatory support.
Metaplanet’s achievement in reaching the 10,000 BTC target marks a significant milestone in their Bitcoin acquisition strategy. The move demonstrates the company’s commitment to the future of cryptocurrency and could influence the dynamics of the Bitcoin market going forward. However, investors need to consider various factors, including market volatility and regulation, before making an investment decision.
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