Turning Point in Bitcoin: Japanese Giant Reached 10 Thousand and 1 Billion Barrier! - Coin Bulletin

Japan-based investment company Metaplanet has reached a total purchase of 10,000 Bitcoin (BTC), surpassing the investment threshold of approximately 1 billion dollars.

The Japanese investment giant Metaplanet, which stands out with its Bitcoin accumulation strategy, continues to strengthen its Bitcoin reserves. Recently, the company raised funds through a zero-interest bond issuance and purchased an additional 1,112 BTC, increasing its total reserves to 10,000 BTC.

Metaplanet decided to issue $210 million worth of zero-interest bonds to be exclusively allocated to EVO FUND during the board meeting held on June 16th. The revenue generated from these bonds will be entirely used for the purchase of Bitcoin.

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According to the statement made, the company purchased 1,112 BTC at an average price of 105,435 dollars with the latest acquisition. Metaplanet, which invested a total of 117.2 million dollars for this transaction, has now made a total investment of 947 million dollars in Bitcoin. The average cost of the company's BTC purchases is approximately 94,697 dollars.

Left Coinbase behind

With the latest Bitcoin purchase, Metaplanet has surpassed Coinbase in the global Bitcoin reserve ranking. By exceeding Coinbase’s 9.267 BTC, Metaplanet has strengthened its position in the industry. The company's share prices rose by 17.23% after the announcement, attracting investors' attention.

Target 210,000 BTC!

Metaplanet recently announced that it aims to reach a total of 210,000 BTC by the end of 2027, having increased its Bitcoin accumulation target. This goal corresponds to 1% of Bitcoin's total supply. The company plans to issue $5.4 billion in stock over the next two years to achieve this target. With this strategic move, Metaplanet maintains its ambitious position in the global Bitcoin race.