Metaplanet Raised 515 Million Dollar, Accelerated Bitcoin Purchases! - Coin Bulletin

Japan-based investment firm Metaplanet made a purchase of 133 million dollars worth of Bitcoin (BTC) after a capital increase of 515 million dollars, surpassing Tesla.

The investment company Metaplanet, traded on the Tokyo Stock Exchange, recently announced that it has successfully raised a total of 515 million dollars under its ambitious "555 Million Plan". The company obtained this amount by issuing 54 million new shares as its major partner, EVO Fund, exercised its right to purchase 540,000 shares. Metaplanet stated that it will use this massive fund to accelerate its Bitcoin (BTC) accumulation.

The company immediately took action after the capital increase and purchased approximately 133 million dollars worth of 1,234 Bitcoin. Following this purchase, the company's total Bitcoin reserve reached 12,345 BTC, rising to a value of approximately 1.3 billion dollars. Thus, Metaplanet surpassed the electric vehicle giant Tesla with its Bitcoin holdings, placing it as the 7th publicly traded company in the world with the most Bitcoin.

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(# Target 1% of Bitcoin supply!

Metaplanet's Bitcoin investment is directly linked to the company's long-term goals. The company plans to reach a total of 30,000 BTC by the end of 2025, followed by 100,000 BTC in 2026, and a quite ambitious figure of 210,000 BTC in 2027. This amount corresponds to approximately 1% of Bitcoin's total supply.

Metaplanet, if it can achieve this goal, will be the second company in the world to hold 1% of the Bitcoin supply. So far, only MicroStrategy, led by CEO Michael Saylor, has joined this club. MicroStrategy's current Bitcoin reserve stands at 592,345 BTC.

Despite the significant capital increase, the company's shares have shown a slight decline in recent days. However, the share value has maintained a strong position with an increase of 353.5% since the beginning of the year.