Metaplanet will continue its $5.4 billion Bitcoin purchase plan as its holdings pass 8,000 btc

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2 Min Read

The cryptocurrency market has been prominent throughout the year so far. Not only is it a favorable regulation on the horizon, but the facility purchases have reached an all-time high. The company continues its $5.4 billion Bitcoin purchase plan, and it has always been in Metaplanet as its holdings are officially above 8,000 BTC.

The company has officially launched its largest ever stock raise exclusively for Asia’s Bitcoin. In fact, the decision follows the company’s hugely successful 210 million plan, according to CEO Simon Gerovich. Conversely, the funds will be raised through 555 million mobile strike warrant shares.

In April this year, Metaplanet continued its ascension in the cryptocurrency market as it became the top 10 Bitcoin holders around the world. This development was related to continued commitment to asset classes and integration into financial operations.

These efforts continued much this week. In fact, Metaplanet continues its plan to purchase $5.4 billion Bitcoin, as the company’s holdings officially passed the 8,000 BTC mark. Specifically, the recent acquisition has added $117.5 million worth of Bitcoin to its overall stash.

Total Bitcoin under the company’s ownership is trapped at the 9,000 mark. Furthermore, it has become one of the largest public enterprise holders of major cryptocurrencies on the planet. Alternatively, the consolidation of the new plan follows the previous BTC acquisition strategy, which raised $650 million in just 60 days.

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Metaplanet has acquired a large amount of BTC through issuance of 210 million split-adjusted shares. Specifically, its holdings jumped from 1,762 BTC to 7,800 BTC, and made a 189% BTC yield jump. Their continued commitment will ensure that continuous acquisition plans do not slow anytime soon.

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