Metaplanet Bolsters Bitcoin Holdings Amid Stock Woes
Metaplanet has increased itS Bitcoin stash by 136 coins, valued at around $15.2 million. The move brings its total holdings to 20,136 BTC, worth over $2 billion.
This strategy follows the company’s shift from hospitality to Bitcoin treasury. Though, its stock price has taken a hit, down 3.8% today and 20% this week. Shares have lost over 30% in a month, reflecting growing investor anxiety.
Despite challenges, Metaplanet remains committed to its ambitious goals: 30,000 BTC by year-end and 210,000 BTC eventually.It still needs to buy nearly 9,864 BTC by year-end, a substantial investment at today’s prices.
But a new financing plan offers hope. Shareholders approved issuing 550 million new overseas shares,aiming to raise about $884 million for further Bitcoin purchases. If prosperous, this could sustain Metaplanet’s acquisition strategy.
- Other Asian firms are also expanding Bitcoin treasuries.
- Remixpoint aims for up to 3,000 BTC.
- Sora Ventures plans a $1 billion fund for BTC buys within six months.
Thes trends suggest a meaningful shift towards Bitcoin as firms seek diversification and potential returns. While Metaplanet faces near-term pressures,its strategic vision aligns with a broader industry movement.
