On the 6th (local time), Metaplanet's stock price rose to 9.4 billion after the company announced that it would raise $5.4 billion to buy Bitcoin.
The stock price rose more than 12% to 1,505 yen immediately after the market opened on the day, and reached an intraday high of 1,641 yen, a 22% increase. If this plan goes through, Meta Planet will become the world's largest listed company.
This makes it the company with the second-largest Bitcoin holdings after Michael Saylor's Strategy.
Metaplanet announced on the 6th that it will increase its Bitcoin holding target from 21,000 BTC to 21,000 BTC through its "Stock Acquisition Rights Program."
Metaplanet has now announced an additional purchase of 1,088 BTC on June 2nd, bringing its total holdings to 8,888 BTC.
According to the strategy, Metaplanet needs to purchase an additional 201,112 BTC of Bitcoin by 2027, which would be worth about $21 billion at current prices.
The goal is to hold 100,000 BTC by 2026. Previously, the goal was to hold 21,000 BTC by the end of 2026 through the "21 million strategy," and there are no concrete plans to purchase more than that.
Metaplanet first announced its purchase of Bitcoin on July 22, 2024, when its stock price rose 19% in one day to 173 yen (about $1.10).
Over the next year or so, the stock price soared by more than 1,744%.
2025/06/10 11:22 KST
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